DTN Closing Livestock Comment 09/20 15:45
20 Sep 2022
DTN Closing Livestock Comment 09/20 15:45 Nearby Live Cattle Futures Hit Fresh Seven-Year High Live cattle futures were mixed Tuesday. Feeder cattle futures were lower. Hog futures were mixed. Elaine Kub DTN Livestock Analyst GENERAL COMMENTS: The live cattle futures market may be looking for an excuse to keep testing fresh highs, and if widespread commodity inflationary bullishness doesn't do it an upcoming Cattle-on-Feed report on Friday might. On Tuesday, however, the futures price action was mixed. Feeder cattle futures were hit hard by the implications of higher feed prices. Cash cattle have seen no trade so far this week, but early asking prices are around $145 to $146 in the South. December corn closed up 13 3/4 cents at $6.92 per bushel and December soybean meal closed up $10.10 at $439.40 per ton. The Dow Jones Industrial Average is down 313.45 points.