DTN Closing Livestock Comment 02/07 15:37
7 Feb 2023
DTN Closing Livestock Comment 02/07 15:37 Sideways Tones Sum Up the Cattle Complex Tuesday It was an uneventful day for the livestock complex as the cattle contracts merely chopped sideways and as the lean hog complex rallied mildly. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS Both the live cattle and feeder cattle markets closed lower after charging higher throughout Monday's complex as traders seemed to have hit the pause button for the cattle contracts on Tuesday. The lean hog complex grew stronger as the day traded on, as the market hopes to find the promise of better demand in Wednesday's WASDE report. March corn is down 5 cents per bushel and March soybean meal is down $7.60. The Dow Jones Industrial Average is up 303.80 points.