DTN Closing Livestock Comment 09/19 15:49
19 Sep 2022
DTN Closing Livestock Comment 09/19 15:49 Livestock Complex Welcomes Stronger Tones Monday Heading into Tuesday it's likely feedlots price cattle higher though it wouldn't be surprising to see trade wait to develop until late in the week as packers could be tough to negotiate with as boxes are under pressure. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Throughout the day the livestock complex saw ample support as traders eagerly approached the market and now are looking to the market's fundamentals to support their move. Heading into Tuesday, feedlots are expected to price cattle higher, and it wouldn't be surprising to see cash hogs trade higher too. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.30 with a weighted average of $92.16 on 6,412 head. December corn is up 1 cent per bushel and December soybean meal is up $7.60. The Dow Jones Industrial Average is up 197.26 points.