DTN Closing Livestock Comment 03/07 15:27
7 Mar 2023
DTN Closing Livestock Comment 03/07 15:27 Mixed Tones Leave the Livestock Contracts Unsettled Tuesday Wednesday's focus will likely be on the midmorning WASDE report and what type of outlook it paints for both the cattle and pork markets. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS The livestock complex was a mixed bag throughout Tuesday's market as the only generalization that can be made is that hesitancy kept all three of the market's trading halfheartedly. Most of the market's timidness stemmed from traders not wanting to change the market ahead of Wednesday's WASDE report. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.56 with a weighted average of $78.47 on 13,065 hogs. May corn is down 2 3/4 cents per bushel and May soybean meal is down $5.60. The Dow Jones Industrial Average is down 516.67 points.