DTN Closing Livestock Comment 07/18 16:16
18 Jul 2022
DTN Closing Livestock Comment 07/18 16:16 Higher Closes Round Out Monday's Livestock Market Come Tuesday, the feeder cattle market will aim for higher ground again but will be influenced on what corn prices do. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday's market was mostly supportive for the livestock complex as the contracts walked away with a mostly higher close. Come Tuesday, the feeder cattle market will be keenly watching corn prices and the hog complex will be eyeing the cash market and pork demand. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $5.52 with a weighted average of $112.47 on 3,603 head. December corn is up 7 cents per bushel and December soybean meal is up $4.30. The Dow Jones Industrial Average is down 215.65 points.