DTN Closing Livestock Comment 02/24 15:58
24 Feb 2023
DTN Closing Livestock Comment 02/24 15:58 Livestock Futures Struggle but Fundamentals Remain Strong Given the supportive nature of Friday's Cattle on Feed report, it's likely that the cattle complex traders higher Monday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS The livestock complex faced some hesitancy throughout the day and closed mostly lower, but the market's fundamental outlook remains extremely positive, especially in regard to the cattle complex. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.15 with a weighted average of $77.68 on 7,149 head. May corn is down 10 cents per bushel and May soybean meal is up $2.00. The Dow Jones Industrial Average is down 336.99 points.