DTN Closing Livestock Comment 09/12 16:29
12 Sep 2022
DTN Closing Livestock Comment 09/12 16:29 Traders Push Live Cattle Higher Monday Heading into Tuesday's market, the cattle complex will be closely watching packer interest in the cash cattle market and grain prices. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the lean hog and feeder cattle contracts sank lower, but the live cattle market was able to close higher despite the grain market's rally. Heading into Tuesday's trade, feedlots are hopeful that packers will show the cash cattle market more interest. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.85 with a weighted average of $89.43 on 3,799 head. December corn is up 11 cents per bushel and December soybean meal is up $23.90. The Dow Jones Industrial Average is up 229.63 points.