DTN Closing Livestock Comment 01/23 15:58
23 Jan 2024
DTN Closing Livestock Comment 01/23 15:58 Demand Drives Livestock Higher on Tuesday Heading into Wednesday's market, the cash cattle market could see a little more interest develop from packers. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a supportive day for the livestock industry as all three markets closed higher, thanks to strong demand. Both the pork and beef markets see opportunities in 2024 and traders were confident based on that narrative. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.81 with a weighted average price of $47.34 on 3,895 head. March corn is up 3/4 cent per bushel and March soybean meal is up $5.30. The Dow Jones Industrial Average is down 96.36 points.