DTN Closing Livestock Comment 03/02 15:30
2 Mar 2023
DTN Closing Livestock Comment 03/02 15:30 Traders Grow Anxious Waiting on Cash Cattle to Trade No substantial cash cattle trade developed Thursday, meaning that Friday's market will need to be all business. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mixed Thursday for the livestock complex with only the feeder cattle contracts being able to post gains while the live cattle and lean hog contracts traded lower. Come Friday, all eyes and ears will be on the cash cattle market to see what it accomplishes this week. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.80 with a weighted average of $78.70 on 12,801 head and five-day rolling average of $78.59. May corn is down 2 cents per bushel and May soybean meal is up $2.00. The Dow Jones Industrial Average is up 341.73 points.