DTN Closing Livestock Comment 08/13 15:23
13 Aug 2024
DTN Closing Livestock Comment 08/13 15:23 Cattle Keep Rallying Through Tuesday's End Asking prices are noted in the South at $187 to $188 but are not yet established in the North. Packer interest should improve on Wednesday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex had a mixed day, as the cattle contracts were able to keep their rallying nature through the day's end, but the lean hog complex faced some pressure and closed lower. Heading into Wednesday's market, packer interest is expected to improve for the cash cattle market. Asking prices are noted for the South at $187 to $188 but are not yet established in the North. December corn is down 4 1/4 cents per bushel, and December soybean meal is down $5.40. The Dow Jones Industrial Average is up 408.63 points.