DTN Closing Livestock Comment 08/22 15:56
22 Aug 2022
DTN Closing Livestock Comment 08/22 15:56 Higher Corn and Friday's COF Report Pressured Cattle Monday Heading into Tuesday's market, the cattle complex will be looking at asking prices and trying to gauge packers' needs this week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex had a mixed start to the week as the lean hog complex found support, but the cattle complex bobbled. If corn prices show some mercy in Tuesday's market, than the feeder cattle complex may be able to trade higher. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $8.55 with a weighted average of $126.35 on 9,020 head. December corn is up 5 3/4 cents per bushel and December soybean meal is up $13.10. The Dow Jones Industrial Average is down 643.13 points.