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DTN Closing Livestock Comment 01/25 15:55

25 Jan 2023
DTN Closing Livestock Comment 01/25 15:55 Stronger Tones Stay With Livestock Complex Through Closing Come Thursday, all livestock participants will be eager to see the day's export report and then will be closely watching the cash cattle market for any and all developments. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was another strong day for the livestock complex as all three of the markets were able to close mostly higher. Come Thursday, cattlemen will be paying close attention to any bids that develop from packers as the cash market has yet to really trade. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.10 with a weighted average of $72.27 on 14,308 head. March corn is down 2 1/4 cents per bushel and March soybean meal is up $5.70. The Dow Jones Industrial Average is down 49.60 points. Wednesday's Cold Storage report shared that total red meat supplies in freezers were up 2% from last and up 11% from a year ago. Total pounds of beef in freezers were up 4% from last month and up 7% from last year. Frozen pork supplies were up 1% from the previous month and up 16% from last year. Stocks of pork bellies were up 16% from last month and up 66% from last year.