DTN Closing Livestock Comment 08/18 16:11
Cash Cattle Grab Another $2.00 to $4.00 Win
The cash cattle market may have waited until late in the week to trade but
it was worth feedlots' time.
DTN Livestock Analyst
The only real positive the livestock market can be excited about is the
strong export report for cattle and the cash cattle market's $2.00 to $4.00
advancement. The livestock futures contracts all closed lower and pork exports
weren't supportive for the week's market. Hog prices closed lower on the Daily
Direct Afternoon Hog Report, down $7.25 with a weighted average of $124.09 on
6,498 head. December corn is up 3 3/4 cents per bushel and December soybean
meal is up $7.30. The Dow Jones Industrial Average is up 18.72 points.
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