DTN Closing Livestock Comment 02/17 15:36
17 Feb 2023
DTN Closing Livestock Comment 02/17 15:36 Traders Tiptoe Around Livestock Complex Ahead of Friday's Close The live cattle contracts closed higher again Friday as traders applauded the gains made in the cash market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mixed day for the livestock complex as the live cattle market rallied on the wins the cash cattle market made, but both the feeder cattle and lean hog markets faced some resistance. Hog prices closed lower on the Daily Direct Afternoon Hog report, down $0.33 with a weighted average of $76.49 on 6,241 head. March corn is up 1 3/4 cents per bushel and March soybean meal is down $0.30. The Dow Jones Industrial Average is up 129.84 points.