DTN Closing Livestock Comment 07/26 15:53
26 Jul 2022
DTN Closing Livestock Comment 07/26 15:53 Uneasy Tones Overcome the Livestock Complex Wednesday's market will likely see similar pressure to what Tuesday endured, but more interest in the cash cattle market is likely. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a dull and doggish day for the livestock complex as the market saw little fundamental support and traders kept a safe distance from the livestock contracts. It's likely that this lower/anxious tone keeps with the market until it's known exactly how much higher interest rates are going to go for this next period. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $7.56 with a weighted average of $124.75 on 15,441 head. December corn is up 17 cents per bushel and December soybean meal is up $18.70. The Dow Jones Industrial Average is down 228.50 points.