DTN Closing Livestock Comment 09/25 15:22
Hogs See Support While Cattle Remain Hesitant
Heading into Tuesday's market cattle producers are hoping that the live
cattle and feeder cattle contracts muster more support.
DTN Livestock Analyst
It was a mixed day for the livestock complex as cattle traders remained
skeptical through Monday's close, but the lean hog complex was able to see some
mild progress made. No cash cattle trade developed and it's likely that the
week's volume is delayed until Wednesday or later again this week. Hog prices
closed lower on the Daily Direct Afternoon Hog Report, down $0.05 with a
weighted average price of $77.54 on 3,770 head. December corn is up 4 cents per
bushel and December soybean meal is up $4.00. The Dow Jones Industrial Average
is up 43.04 points.
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