DTN Closing Livestock Comment 12/05 15:41
5 Dec 2022
DTN Closing Livestock Comment 12/05 15:41 Cheaper Corn Support, Higher Feeder Cattle Prices The livestock complex had a mixed day with some markets finding support and other markets coming up short. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS The livestock complex closed mixed as the live cattle complex closed hesitantly, not finding the support it needed, the feeder cattle contracts ran higher thanks to cheaper corn prices and the hog complex rounded the day out mixed as it too lacked enough support. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.53 with a weighted average of $81.69 on 5,768 head. March corn is down 5 3/4 cents per bushel and January soybean meal is up $8.00. The Dow Jones Industrial Average is down 482.78 points.