DTN Closing Livestock Comment 07/28 15:54
28 Jul 2022
DTN Closing Livestock Comment 07/28 15:54 Long, Hot Summer Days Pressure the Livestock Contracts Unless the corn market dives lower to a point feeders would be able to rebound, it's likely that Friday's market is doggish again. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another dull and unimpressive day for the livestock complex as the contracts rounded out the day mostly lower. Heading into Friday's market, it's likely that the same doggish tone is kept as traders seem unwilling to pay much attention to the livestock complex. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $10.86 with a weighted average of $119.59 on 4,816 head. December corn is up 16 cents per bushel and December soybean meal is down $7.10. The Dow Jones Industrial Average is up 313.89 points.