DTN Livestock Close: Cash Cattle Market Champions Another Week of Higher Prices

    Cattle feeding. Photo: ©Debra L Ferguson

    The rally that cash cattle market has been able to secure is one that’s been long overdue as the market reaches prices that haven’t been seen since 2017.

    GENERAL COMMENTS:

    It was a powerful day for the cattle markets as feeder cattle futures closed upward of $2.00 higher and feedlots once again pushed the cash cattle market higher. Pork cutouts jumped sharply higher and the lean hog contracts for 2022 closed higher even with China absent from the day’s export report.

    Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.20 with a weighted average of $55.10 on $5,797 head.

    December corn is down 2 1/4 cents per bushel and December soybean meal is down $4.30. The Dow Jones Industrial Average is down 60.10 points and NASDAQ is up 72.14 points.

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