DTN Closing Livestock Comment 03/01 15:49
1 Mar 2023
DTN Closing Livestock Comment 03/01 15:49 Corn Finds Support and Sends Cattle Lower Come Thursday, the market will be anxious to see how exports fare as well as any developments in the cash market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS The livestock contracts struggled to find support through Wednesday's end as the cattle contracts didn't like the strength that the nearby corn contracts gained ahead of closing, and the lean hog complex remains hesitant as demand has been touch and go. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.59 with a weighted average of $79.50 on 21,226 head. May corn is up 5 1/2 cents per bushel and May soybean meal is up $3.20. The Dow Jones Industrial Average is down 42.47 points.