DTN Closing Livestock Comment 08/02 16:07
2 Aug 2022
DTN Closing Livestock Comment 08/02 16:07 Outside Pressures Push Livestock Lower Heading into Wednesday's market, everyone will be keeping close tabs on any developments about Nancy Pelosi's trip to Taiwan. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex was hesitant about Tuesday's trade from the get-go as the market desperately needs fundamental support, but as concerns grew about the Nancy Pelosi visiting Taiwan and how that would affect the U.S. and China relationship, the futures market grew extremely quiet. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $5.19 with a weighted average of $121.33 on 9,140 head. December corn is down 15 1/2 cents per bushel and December soybean meal is up $3.80. The Dow Jones Industrial Average is down 402.23 points.