DTN Closing Livestock Comment 02/23 16:04
23 Feb 2022
DTN Closing Livestock Comment 02/23 16:04 Loss Seen Throughout Livestock Futures Heading into Thursday, the live cattle complex hopes to see a fruitful export report and more cash cattle trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tough day for the livestock complex as the live cattle, feeder cattle and lean hog contracts all saw losses. The market has become very cautious given the tensions growing with the Russia/Ukraine situation. While that may seem like a foreign issue that won't affect our soil specifically, it will indeed affect our trade. Hog prices closed higher on the National Direct Afternoon Hog Report, up $5.77 with a weighted average of $95.10 on 8,934 head. March corn is up 9 cents per bushel and May soybean meal is up $15.20. The Dow Jones Industrial Average is down 464.85 points and NASDAQ is down 344.03 points.