DTN Closing Livestock Comment 09/29 15:30
29 Sep 2023
DTN Closing Livestock Comment 09/29 15:30 Concerns of a Government Shutdown Drive Livestock Lower It was hard for the livestock complex to focus on anything besides the likelihood that, come Monday, a government shutdown will be in effect. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: With time ticking away and a government shutdown still looming, much of next week's market will be affected by that outcome. Largely, all of Friday's focus was on the fact that a shutdown is extremely likely, which led all three of the livestock markets to a lower close at Friday's end. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.20 with a weighted average price of $73.56 on 2,046 head. December corn is down 11 3/4 cents per bushel and December soybean meal is down $10.30. The Dow Jones Industrial Average is down 191.35 points.