News & Resources

DTN Closing Livestock Comment 08/15 16:18

15 Aug 2022
DTN Closing Livestock Comment 08/15 16:18 Cattle Close Out Monday's Market Weaker Even as the corn market trended lower, both the live cattle and feeder cattle contracts closed lower by Monday's end. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex closed mixed with the lean hog market charging higher into Monday's end while the cattle contracts grew weaker as the day progressed. If corn continues to trade lower throughout the week, the cattle complex should have a chance to redeem itself. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $8.08 with a weighted average of $115.61 on 3,203 head. December corn is down 14 cents per bushel and December soybean meal is down $12.80. The Dow Jones Industrial Average is up 151.39 points.