DTN Closing Livestock Comment 11/01 16:06
1 Nov 2022
DTN Closing Livestock Comment 11/01 16:06 Strong Grain Prices Keep Cattle Depressed Tuesday Until grain prices settle down, it's unlikely that cattle do anything other than trade lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a non-eventful day for the livestock complex as the grain market gained a second wind early in the day, pushing the cattle contracts lower and the lean hog market traded only mildly higher. Hog prices closed higher on the Daily Direct Morning Hog Report, up $1.41 with a weighted average of $89.75 on 8,506 head. December corn is up 6 1/4 cents per bushel and December soybean meal is down $3.30. The Dow Jones Industrial Average is down 79.75 points.