DTN Closing Livestock Comment 10/19 15:54
19 Oct 2022
DTN Closing Livestock Comment 10/19 15:54 Feedlots Stand Firm and Beckon for More Money It was another day of strong technical trading for the livestock complex but heading into Thursday, more cash cattle trade should develop. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another invigorating day for the livestock complex as traders pushed the contracts higher and cheaper corn allowed for the markets to do so easily. Heading into Thursday, export data will be highly sought after again. Hog prices closed higher on the Daily Direct Afternoon Hog Report up $3.67 with a weighted average of $97.52 on 19,709 head. December corn is down 2 3/4 cents per bushel and December soybean meal is down $0.10. The Dow Jones Industrial Average is down 99.99 points.