DTN Closing Livestock Comment 03/08 15:50
8 Mar 2023
DTN Closing Livestock Comment 03/08 15:50 Higher Prices Summarize Thursday's End for the Livestock Contracts Between the day's WASDE report and strong market fundamentals, the livestock markets were able to close mostly higher by Wednesday's end. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a good day for the livestock contracts as all three of the markets closed mostly higher and saw excellent support from either the WASDE report or the market's fundamentals. Thursday's focus will be on export reports and cash cattle trade. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.55 with a weighted average of $79.02 on 14,988 head. May corn is down 8 3/4 cents per bushel and May soybean meal is down $2.10. The Dow Jones Industrial Average is down 157.38 points.