DTN Closing Livestock Comment 07/12 16:26
12 Jul 2022
DTN Closing Livestock Comment 07/12 16:26 Feeders Fuel the Market The feeder cattle market jolted higher as the corn complex crashed lower and demand for feeder cattle continues to run aggressively throughout the countryside. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a dynamite day for the feeder cattle market, as the corn complex came tumbling lower, and demand for feeder cattle is showing no sign of slowing. Heading into Wednesday's trade, feedlots are hopeful this type of energy and excitement helps them push the cash cattle market $1 higher. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $5.19 with a weighted average of $122.44 on 27,258 head. December corn is down 42 1/2 cents per bushel, and December soybean meal is down $11.20. The Dow Jones Industrial Average is down 192.51 points.