DTN Closing Livestock Comment 10/06 16:09
6 Oct 2022
DTN Closing Livestock Comment 10/06 16:09 Cash Cattle Trade $1.00 Higher The cash cattle market managed to trade cattle $1.00 higher in both regions as front-end, market-ready supplies are running thinner and thinner. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as cattle faced pushback from traders but did see cash cattle trade $1.00 higher, but the lean hog complex rallied throughout the day as it celebrated a strong export report. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $3.59 with a weighted average of $89.40 on 8,321 head. December corn is down 8 1/2 cents per bushel and December soybean meal is down $5.10. The Dow Jones Industrial Average is down 346.93 points.