DTN Closing Livestock Comment 07/13 16:20
13 Jul 2022
DTN Closing Livestock Comment 07/13 16:20 Livestock Contracts Close Higher as Demand Propels Prices Higher Heading into Thursday's market, livestock enthusiasts will be closely watching for the export report and to see how cash cattle trade continues. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another strong day for the livestock complex as the marketplace closed higher with fundamental support giving traders the confidence needed to push prices higher. The big storm that's swept across the livestock market, though, has been the feeder cattle market's performance this week. Whether you're evaluating the market from a technical standpoint or viewing its sales in the countryside this week, prices have launched higher and are demanding everyone's full attention. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.02 with a weighted average of $122.42. December corn is up 8 3/4 cents per bushel and December soybean meal is up $12.80. The Dow Jones Industrial Average is down 208.54 points.