DTN Closing Livestock Comment 09/22 15:33
Cattle Round Out the Week Higher
Heading into Monday's market it will be interesting to see if traders use
Friday's supportive Cattle on Feed report as a reason to continue to push the
contracts higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Friday treated the cattle contracts extremely well, but the same can't be
said for the lean hog market as its contracts sank lower. Thankfully Friday's
Cattle on Feed report was supportive, and it could mildly support the market
nearly next week. Hog prices closed lower on the Daily Direct Afternoon Hog
Report, down $0.50 with a weighted average price of $77.59 on 3,636 head.
December corn is up 2 cents per bushel and December soybean meal is down $2.30.
The Dow Jones Industrial Average is up 51.35 points.
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