DTN Closing Livestock Comment 11/16 15:52
16 Nov 2022
DTN Closing Livestock Comment 11/16 15:52 Stronger Tones Stick With Livestock Contracts Through Closing As the markets closed higher Wednesday afternoon, both cattle and hog enthusiasts will be looking for export data first thing Thursday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a good day for the livestock complex as the market found ample support from traders, and now eagerly looks to Thursday, and its export data, for direction. There was a small movement of cattle traded Wednesday afternoon in both the North and the South for steady prices with last week's weighted averages. Hog prices closed higher on the Daily Direct Afternoon Hog report, up $0.61 with a weighted average of $86.16 on 9,885 head. December corn is down 1 1/2 cents per bushel and December soybean meal is down $3.30. The Dow Jones Industrial Average is down 39.09 points.