DTN Closing Livestock Comment 11/15 16:00
15 Nov 2022
DTN Closing Livestock Comment 11/15 16:00 Higher Grain Prices Keep the Cattle Contracts on Their Heels As grain prices crept higher Tuesday afternoon, the momentum in the live cattle market died out. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mostly uneventful day for the livestock complex, except for the news that developed Tuesday afternoon regarding Russia and its missile that hit Poland, which consequently sent grain prices higher. Wednesday could see more trade develop as the cash cattle market could see bids start to pop up. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.46 with a weighted average of $85.54 on 11,504 head. December corn is up 9 1/2 cents per bushel and December soybean meal is up $3.90. The Dow Jones Industrial Average is up 56.22 points.