DTN Closing Livestock Comment 02/13 15:51
13 Feb 2024
DTN Closing Livestock Comment 02/13 15:51 Weaker Tones Follow Livestock Contracts through Tuesday's Close It was a slow trading day Tuesday for the livestock complex as most of the contracts closed lower with little trader interest encouraging the market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a dreary day for the livestock complex as traders kept their distance from contracts and let most of them round out the day lower. No cash cattle trade was noted and it's likely trade could be delayed until later in the week as packers aren't expected to be as aggressive in this week's market. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $2.98 with a weighted average price of $68.19 on 3,892 head. March corn is up 1/4 cent per bushel and March soybean meal is down $4.10. The Dow Jones Industrial Average is down 524.63 points.