DTN Closing Livestock Comment 08/01 16:08
1 Aug 2022
DTN Closing Livestock Comment 08/01 16:08 Cattle Rally Through Monday's Close as Corn Traded Lower Heading into Tuesday's market, the cattle contract's focus will again be on the corn complex. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts were able to rally into Monday's close as the market grew stronger amid a weak corn complex. Meanwhile, the nearby lean hog contracts drifted lower as the market saw a substantially smaller slaughter for the day. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.94 with a weighted average of $116.14 on 3,791 head. December corn is down 10 1/4 cents per bushel and December soybean meal is down $19.20. The Dow Jones Industrial Average is down 46.73 points.