DTN Closing Livestock Comment 11/17 16:06
17 Nov 2022
DTN Closing Livestock Comment 11/17 16:06 Cash Cattle Push the Market Higher Thursday Heading into Friday, the market will be anxiously awaiting the afternoon's Cattle on Feed report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It's always a good day when the cash cattle market can demand higher prices and see cattle trade $1.00 to $2.00 higher than the week's weighted average. Feedlots were able to do this because the market saw well-rounded support from a higher close throughout the futures complex, stronger boxed beef prices and another good slaughter day. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.88 with a weighted average of $83.27 on 4,491 head. December corn is up 2 1/4 cents per bushel and December soybean meal is down $0.90. The Dow Jones Industrial Average is down 94.72 points.