DTN Closing Livestock Comment 08/26 15:57
26 Aug 2022
DTN Closing Livestock Comment 08/26 15:57 Doggish Tones Stick With Cattle Through Friday's End Heading into Monday's market, cattlemen are hopeful that the corn market stabilizes and better demand is seen in the cash market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tough week for the livestock complex as pressure built from multiple different angles. Next week the market could see some more pressure built as the complex looks holiday-related hiccups dead in the eye, but once Labor Day is behind the market, things should level out. The biggest fear cattle posses right now is surrounding the corn market and how much upside is withholds. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $7.37 with a weighted average of $110.25 on 4,433 head. December corn is up 14 1/4 cents per bushel and December soybean meal is up $14.20. The Dow Jones Industrial Average is down 1,008.38 points.