DTN Closing Livestock Comment 07/29 16:00
29 Jul 2022
DTN Closing Livestock Comment 07/29 16:00 Livestock Contracts Catch a Break and Close Higher by Friday's End Heading into next week, the market is braced for the likelihood of renewed pressure even though Friday's market closed stronger. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Support infiltrated the livestock complex ahead of closing, but next week the markets are expecting to see renewed pressure. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.51 with a weighted average of $117.08 on 2,919 head. December corn is up 1 cent per bushel and December soybean meal is down $0.50. The Dow Jones Industrial Average is up 315.50 points.