DTN Closing Livestock Comment 10/11 15:22
11 Oct 2023
DTN Closing Livestock Comment 10/11 15:22 Stronger Cash Cattle Sales Boost Trader Morale With a little encouragement from the cash cattle market, both the live cattle and feeder cattle contracts were able to close higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday ended up being a better day than originally thought, as the cattle complex closed higher thanks to the support of the cash cattle market. Come Thursday, the market's focus will be on the midmorning WASDE report and on the cash cattle market. Hog prices closed higher on the Daily Direct Morning Hog Report, up $0.34 with a weighted average price of $74.30 on 3,231 head. December corn is up 2 1/2 cents per bushel and December soybean meal is down $0.40. The Dow Jones Industrial Average is down 3.74 points.