DTN Closing Livestock Comment 12/13 15:54
13 Dec 2023
DTN Closing Livestock Comment 12/13 15:54 Livestock Futures Erode Wednesday Afternoon Trade activity Wednesday afternoon was focused more on position adjustments as traders slowly backed away from recent market gains. The late-day bounce in stock prices added to general pressure in the commodity markets, impacting both cattle and hog markets. Rick Kment DTN Analyst GENERAL COMMENTS: Moderate to firm pressure developed across the livestock complex Wednesday morning. Early softness was focused on position taking opportunities, although as the day continued the focus shifted to strong gains in stock market prices, which had a negative impact on all commodity markets.