DTN Closing Livestock Comment 07/23 15:36
23 Jul 2024
DTN Closing Livestock Comment 07/23 15:36 Traders Continue to Push the Livestock Complex Higher Heading into Wednesday's market more cash cattle trade could begin to develop given that bids were offered in the South and light trade did develop. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another day of higher closes for the livestock complex as traders support the contracts all the way through the day's end. But heading into Wednesday's market, there will be more at stake for traders to sort through as they'll be watching to see if anything develops in the cash market, if pork cutout values continue to support or not and if feeders can take on the market's resistance and it's 100-day and 40-day moving averages. December corn is up 2 1/4 cents per bushel and December soybean meal is down $0.30. The Dow Jones Industrial Average is down 57.35 points.