DTN Closing Livestock Comment 08/16 16:04
Cattle Shake, Rattle and Rally
The cash cattle market saw a little bit of trade develop in the Nebraska but
most feedlots have held off waiting for Wednesday to trade.
DTN Livestock Analyst
Heading into Wednesday's market, everyone's focus is going to be on the cash
cattle market as higher prices (substantially higher prices) are expected of
the market. Hog prices closed higher on the Daily Direct Afternoon Hog Report,
up $13.58 with a weighted average of $129.19 on 17,343 head. December corn is
down 18 cents per bushel and December soybean meal is down $9.00. The Dow Jones
Industrial Average is up 239.57 points.