DTN Closing Livestock Comment 02/10 15:39
10 Feb 2023
DTN Closing Livestock Comment 02/10 15:39 Southern Cattle Finally Trade Heading into Monday's market, it will be interesting to see how many cattle were bought for the nearby delivery as opposed to the deferred delivery. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS The livestock complex closed mixed with the live cattle contracts closing higher, feeders closing lower and hogs ending the week mixed. The most excitement throughout Friday's market was seen in the cash cattle market as the standoff between packers and feedlots broke and Southern cattle traded for $160 to $161, which is $1.00 to $2.00 higher than last week's weighted average. Hog prices closed $0.28 higher on the Daily Direct Afternoon Hog Report, equating to a weighted average of $77.05 on 7,226 head. March corn is up 9 3/4 cents per bushel and March soybean meal is up $3.90. The Dow Jones Industrial Average is up 160.68 points.