DTN Closing Livestock Comment 08/29 16:03
29 Aug 2022
DTN Closing Livestock Comment 08/29 16:03 Higher Corn Pushes Cattle Lower Heading into Tuesday, cattlemen will be closely watching the corn complex all while trying to gauge packers interest for cattle. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the lean hog market found support and traded higher throughout the day, but the cattle complex traded meekly as the market is concerned about rallying corn prices. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.90 with a weighted average of $109.35 on 6,149 head. December corn is up 18 3/4 cents per bushel and December soybean meal is down $1.40. The Dow Jones Industrial Average is down 184.41 points.