DTN Closing Livestock Comment 08/23 16:04
23 Aug 2024
DTN Closing Livestock Comment 08/23 16:04 Cattle Round Out the Week Mixed, While Hogs Continue to Trend Higher It was another mixed day for the livestock complex as traders continue to juggle external pressures and lack the support of economic security. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as there was hope early on that the announcement from Chairman Powell that interest rates could potentially be lowered in September would help the commodity markets' moral, which it did in the lean hog and feeder cattle markets, but the live cattle complex was more worried about the afternoon's Cattle on Feed report. December corn is down 2 1/2 cents per bushel and December soybean meal is up $0.40. The Dow Jones Industrial Average is up 462.30 points.