DTN Closing Livestock Comment 02/08 15:50
8 Feb 2023
DTN Closing Livestock Comment 02/08 15:50 Hogs Find Support While Cattle See Slightly Lower Tones Wednesday Heading into Thursday's market, both cattle and hog market enthusiasts will be anxious to see how the week's export report shapes up. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mixed day for the livestock complex as the cattle contracts closed lower while the lean hog market saw modest support through Wednesday's end. Come Thursday, all eyes and ears will be waiting to see what the day's export report shapes up be, as well as monitoring any develops in the cash cattle market as prices are expected to be higher again this week. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $3.51 with a weighted average of $77.58 on 19,032 head. March corn is up 4 1/2 cents per bushel and March soybean meal is up $0.50. The Dow Jones Industrial Average is down 209.65 points.