DTN Closing Livestock Comment 07/08 16:05
8 Jul 2022
DTN Closing Livestock Comment 07/08 16:05 Sorry Export Data Pushes the Livestock Contracts to Lower Close Heading into Monday's market, cattlemen will be closely watching for the week's summary of exactly how many cash cattle sold this past week and to what delivery window they were committed for. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The live cattle and lean hog contracts rounded out the day lower upon being pressured from the market's sorry export report. The feeder cattle market struggled with its own pressure of higher corn prices which also led its market to a lower close too. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.00 with a weighted average of $118.72 and on 6,682 head. December corn is up 27 1/4 cents per bushel and December soybean meal is up $11.90. The Dow Jones Industrial Average is down 46.40 points.