DTN Closing Livestock Comment 09/15 16:08
15 Sep 2022
DTN Closing Livestock Comment 09/15 16:08 Feedlots Win This Week's Battle, Trade Cattle Higher Heading into Friday's market, the feeder cattle complex is still likely to be fearful of corn prices, but the lean hog and live cattle markets are hoping to continue to trade higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It's been a wild week for the marketplace but come Thursday, there was some good to be had as a tentative deal has been reached to avert a railroad strike and cash cattle trade saw higher prices. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $3.15 with a weighted average of $95.11 on 7,078 head. December corn is down 4 3/4 cents per bushel and December soybean meal is up $4.90. The Dow Jones Industrial Average is down 173.27 points.