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DTN Closing Livestock Comment 01/26 16:10

26 Jan 2023
DTN Closing Livestock Comment 01/26 16:10 Cash Cattle Steady in the North, Yet to Trade in the South Come Friday, all livestock enthusiasts will be watching the cash cattle market to see how Southern prices fare and to see if Northern prices get any stronger. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was mostly a strong day for the livestock complex as the cash cattle market has only partially traded and with the lean hog complex able to see its futures contracts close higher amid strong pork cutout values. The feeder cattle contracts closed lower as corn prices were higher, but cattlemen did duly note the strong tone in the cash market given that prices in the North held steady. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.70 with a weighted average of $70.57 on 4,933 head. March corn is up 7 3/4 cents per bushel and March soybean meal is up $11.60. The Dow Jones Industrial Average is up 205.57 points.