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DTN Closing Livestock Comment 05/23 15:53

23 May 2023
DTN Closing Livestock Comment 05/23 15:53 Livestock Market Lets Time Pass By It was another monotonous day when trader focus was on the corn market's mild rally and little developed in the livestock complex. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex had a mostly uneventful day as the market's focus was corn prices, although a little uncertainty still looms about the nation's economic state and how government will handle the debt ceiling. Wednesday could be more eventful as cash cattle bids could begin to develop. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.59 with a weighted average of $76.01 on 4,137 head. July corn is up 6 1/2 cents per bushel and July soybean meal is down $5.80. The Dow Jones Industrial Average is down 231.07 points.