DTN Closing Livestock Comment 01/20 16:08
20 Jan 2023
DTN Closing Livestock Comment 01/20 16:08 Cattle, Hogs End Bearish Week With Higher Closes Friday Active contracts of live cattle, feeder cattle and lean hogs all finished higher Friday, helped by increased export sales in Friday morning's USDA report and an easing of outside market pressure. Todd Hultman DTN Lead Analyst GENERAL COMMENTS It was a rough week for livestock prices weighed down by concerns of a slowing economy combined with lower U.S. stock prices. USDA's reports of increased export sales for beef and pork Friday morning helped give prices an end-of-the week lift, followed by an on-feed report that was largely in line with analyst expectations. Also on Friday afternoon, March corn was down a penny, March soybean meal was down $7.50 and Dow Jones futures were trading over 200 points higher.