DTN Closing Livestock Comment 08/09 16:15
Corn Robs the Show and Sends the Livestock Contracts
Heading into Wednesday's market, the focus will again be on the corn complex
and cash cattle market.
DTN Livestock Analyst
Heading into Wednesday's market, all eyes will again be on the corn market
as it will have a heavy influence on the livestock contract's direction, and
cattlemen will be closely watching for any developments in the cash market. Hog
prices closed higher on the Daily Direct Afternoon Hog Report, up $8.29 with a
weighted average of $131.13 on 21,225 head. December corn is up 6 3/4 cents per
bushel and December soybean meal is up $11.10. The Dow Jones Industrial Average
is down 58.13 points.
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