DTN Closing Livestock Comment 02/22 15:36
22 Feb 2023
DTN Closing Livestock Comment 02/22 15:36 Cautious Traders Leave the Livestock Complex Mixed Wednesday It was a slow day for the livestock complex with the only market able to see steady, consistent support being the feeder cattle contracts as corn prices traded lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS Traders weren't overly aggressive through Wednesday's market as they wanted to see how pork demand fared through closing, and desperately want to see what the cash cattle market accomplishes this week. Because the markets were closed on Monday, this week's export report won't be shared until Friday. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.32 with a weighted average of $77.80 on 5,033 head. March corn is down 6 1/2 cents per bushel and May soybean meal is down $4.10. The Dow Jones Industrial Average is down 173.76 points.