DTN Closing Livestock Comment 09/16 15:48
16 Sep 2024
DTN Closing Livestock Comment 09/16 15:48 Traders Support Hogs through Monday's End, But Let the Cattle Contracts Drift Slightly Lower Heading into Tuesday's market asking prices could develop in the South but won't likely surface until later in the week for the Northern feedlots. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the lean hog market rallied throughout the day, but the cattle complex traded mixed. Traders could be leery of overly supporting the cattle contracts ahead of seeing what Friday's Cattle on Feed report unveils. December corn is down 2 1/2 cents per bushel and December soybean meal is up $0.90. The Dow Jones Industrial Average is up 192.48 points.