DTN Closing Livestock Comment 02/21 15:25
21 Feb 2023
DTN Closing Livestock Comment 02/21 15:25 Higher Tones Stick With Livestock Complex Through Closing Tuesday The entire livestock complex joined Tuesday's powerful move as trader interest and strong market fundamentals continue to advance the markets. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a powerful day for the livestock complex as all three of the livestock markets closed higher thanks to ample trader interest and strong market fundamentals. Heading into Wednesday's market, keeping an eye on consumer demand via boxed beef prices and pork cutouts will be imperative. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.15 with a weighted average of $78.12 on 17,162 head. March corn is up 2 3/4 cents per bushel and March soybean meal is up $6.60. The Dow Jones Industrial Average is down 657.71 points.