DTN Closing Livestock Comment 10/02 15:29
2 Oct 2023
DTN Closing Livestock Comment 10/02 15:29 Cattle Maintain Support Through Monday's End Heading into Tuesday's market cattlemen hope that the market continues to trek higher, and that good beef demand is again noted in the day's boxed beef reports. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the cattle contracts kept rallying through the day's end, but the nearby lean hog contracts suffered. Heading into Tuesday's market cattle will keep a close eye on corn prices and hogs hope that their market finds a bottom sooner rather than later. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.86 with a weighted average price of $74.42 on 668 head. December corn is up 12 cents per bushel and December soybean meal is down $6.90. The Dow Jones Industrial Average is down 79.18 points.