DTN Closing Livestock Comment 08/23 16:03
23 Aug 2022
DTN Closing Livestock Comment 08/23 16:03 Tuesday Beat Up the Lean Hog and Feeder Cattle Markets Heading into Wednesday's market all eyes will again be on the corn complex to see how it trades, as well as eyeing pork demand as pork cutout values closed drastically lower Tuesday afternoon. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Between the drastic close in pork cutout values and the corn market's effect on the feeder cattle market, the live cattle complex was the mellow market of the livestock complex throughout the day. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.77 with a weighted average of $127.12 on 20,218 head. December corn is up 26 1/4 cents per bushel and December soybean meal is up $11.80. The Dow Jones Industrial Average is down 154.02 points.