DTN Closing Livestock Comment 11/23 15:37
23 Nov 2022
DTN Closing Livestock Comment 11/23 15:37 Cash Cattle Heads Higher Wednesday The futures complex closed with a sluggish pre-holiday theme, but the cash cattle market championed yet another week of higher trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS Watching the futures contracts trade throughout Wednesday's market was like watching paint dry, but the dynamic nature of Wednesday's cash cattle trade made up for it. Even though it's a short holiday week, packers needed cattle and feedlots weren't willing to sell cattle at steady money. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.62 with a weighted average of $84.68 on 8,053 head. December corn is up 6 1/2 cents per bushel and December soybean meal is up $1.10. The Dow Jones Industrial Average is up 90.65 points.