DTN Closing Livestock Comment 07/19 16:05
19 Jul 2022
DTN Closing Livestock Comment 07/19 16:05 Feeders Keep Grinding Higher Tuesday Come Wednesday, the cash cattle market will be pressured to trade cattle and feedlots are hoping to hold the market steady. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a strong day for the livestock complex as the feeder cattle market closed higher, Texas traded fat cattle for $0.50 higher than last week's weighted average, and pork cutouts and hog cash prices both closed higher ahead of the day's end. Hog prices closed substantially higher on the Daily Direct Afternoon Hog Report, up $8.03 with a weighted average of $120.50 on 12,030 head. December corn is down 15 1/2 cents per bushel and December soybean meal is down $4.30. The Dow Jones Industrial Average is up 754.44 points.