DTN Closing Livestock Comment 09/16 15:51
16 Sep 2022
DTN Closing Livestock Comment 09/16 15:51 High Corn Has Cattlemen on Edge through Friday's End Heading into Monday's market cattlemen will have their eyes on corn prices and the lean hog complex will be again looking for strong consumer demand. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The lean hog complex rounded out Friday's market with a bang on heightened demand and excellent support, but the cattle contacts weren't as confident as high corn prices have everyone leery. Hog prices closed lower on the Daily Direct Morning Hog Report, down $4.25 with a weighted average of $90.86 on 4,557 head. December corn is down 1/4 cent per bushel and December soybean meal is down $6.30. The Dow Jones Industrial Average is down 139.40 points.