DTN Closing Livestock Comment 10/22 16:01
Mixed Livestock Close
Feeder cattle markets escaped the day without weakening to lower prices like
the rest of the livestock complex.
By ShayLe Stewart
DTN Livestock Analyst
The noon hour Tuesday showed some support building in the live cattle
contracts, but the day closed lower for both lean hog and live cattle
contracts, and modestly up for feeder cattle contracts. Hog prices are lower on
the National Direct Afternoon Hog Report, down $0.85 with a weighted average of
$56.26. December corn is up 3/4 cent per bushel and December soybean meal is
down $0.80. The Dow Jones Industrial Average is down 39.54 points and NASDAQ is
down 58.69 points.
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