DTN Closing Livestock Comment 08/30 16:03
30 Aug 2022
DTN Closing Livestock Comment 08/30 16:03 Tuesday Lends the Livestock Complex the Support It Needed The cash cattle market is expecting to see greater demand come Wednesday, but how prices will fare is still yet to be seen. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: After a lousy start to the week on Monday, the livestock complex had a change of pace Tuesday as the corn market traded lower alleviating pressure for the cattle complex, and as the lean hog market continued to rally on technical support. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.52 with a weighted average of $106.83 on 7,286 head. December corn is down 5 3/4 cents per bushel and December soybean meal is down $2.60. The Dow Jones Industrial Average is down 361.95 points.