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DTN Closing Livestock Comment 08/16 16:04

16 Aug 2022

DTN Closing Livestock Comment 08/16 16:04 Cattle Shake, Rattle and Rally The cash cattle market saw a little bit of trade develop in the Nebraska but most feedlots have held off waiting for Wednesday to trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Heading into Wednesday's market, everyone's focus is going to be on the cash cattle market as higher prices (substantially higher prices) are expected of the market. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $13.58 with a weighted average of $129.19 on 17,343 head. December corn is down 18 cents per bushel and December soybean meal is down $9.00. The Dow Jones Industrial Average is up 239.57 points.

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