DTN Closing Livestock Comment 02/15 15:23
15 Feb 2024
DTN Closing Livestock Comment 02/15 15:23 Live Cattle and Lean Hogs Keep Momentum through Thursday's End The livestock complex opened strong Thursday morning and was able to keep most of its momentum through the day's close thanks to strong demand. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a strong day for the livestock complex as both the live cattle and lean hog markets closed fully higher, but the feeder cattle contracts closed mixed. Between the USDA's Outlook report and strong export sales, traders had more than enough confidence in the day. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.87 with a weighted average price of $67.34, ranging from $61.00 to $70.00 on 1,880 head and a five-day rolling average of $67.50. March corn is down 6 1/2 cents per bushel and March soybean meal is down $3.80. The Dow Jones Industrial Average is up 314.76 points.