DTN Closing Livestock Comment 03/16 15:38
16 Mar 2023
DTN Closing Livestock Comment 03/16 15:38 Cattle Find Support and Keep Stronger Tones Through Closing It's been a tough week for the livestock complex, but the cattle contracts were finally able to catch a break on Thursday and close slightly higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mixed day for the livestock complex as both the live cattle and feeder cattle contracts finally found support and were able to close higher, but the lean hog market fell substantially lower. The cash cattle market was quiet throughout most of Thursday which means more trade will need to develop on Friday. Hog prices closed lower on the Daily Direct Afternoon hog report, down $0.37 with a weighted average of $78.83 on 5,354 hogs. May corn closed up 6 1/4 at $6.328 and May soybean meal closed down $4.40 at $474.00. The Dow Jones Industrial Average is up 371.98 at 32,246.55.