DTN Closing Livestock Comment 03/15 15:39
15 Mar 2023
DTN Closing Livestock Comment 03/15 15:39 Market Uncertainty Sends Livestock Contracts Lower Wednesday Lower tones dominated the livestock complex through Wednesday's closing as fear continues to encourage traders to pull the rug out from underneath the contracts. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was another day of bloodbath for the livestock complex as the market couldn't gain any footing in the fear, anxious ridden environment that's taken hold of the livestock complex. On Thursday, the markets will be looking for the day's export data and for more cash cattle trade to develop. Hog prices closed higher on the Daily Direct Afternoon hog report, up $1.09 with a weighted average of $79.2 on 16,370 hogs. May corn closed up 5 3/4 at $6.265 and May soybean meal closed down $2.80 at $478.4. The Dow Jones Industrial Average is down 280.83 at 31,874.57.