DTN Closing Livestock Comment 03/09 15:50
9 Mar 2023
DTN Closing Livestock Comment 03/09 15:50 Cash Cattle Begin to Trade at Steady Prices Heading into the last trading day of the week, traders will carefully note any changes in the cash cattle market as only a thin volume has traded thus far. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mixed day for the livestock complex as the futures contract closed mostly lower, but cash cattle trade did begin to develop at steady prices compared to last week's market. More trade should develop on Friday as Thursday's movement has been thin, but prices are expected to remain steady. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.44 with a weighted average of $78.58 on 8,090 head. March corn is down 16 cents per bushel and March soybean meal is up $0.50. The Dow Jones Industrial Average is down 543.54 points and NASDAQ is down 237.64 points.