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.
DTN Livestock Analyst
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.
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