DTN Closing Livestock Comment 10/12 15:25
12 Oct 2023
DTN Closing Livestock Comment 10/12 15:25 Cattle Kick Back into Gear All three of the livestock contracts closed higher as technical support led the market's higher and stronger cash cattle trade helped the cattle contracts. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It's so refreshing to see the revitalized nature of the cattle complex as both the live cattle and feeder cattle markets not only closed higher but closed above significant technical averages. The market's ability to close higher was largely solidified by today's stronger trade in the cash cattle market. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.69 with a weighted average price of $73.61 on 5,057 head. December corn is up 8 cents per bushel and December soybean meal is up $15.80. The Dow Jones Industrial Average is down 156.03 points.