DTN Closing Livestock Comment 12/06 15:50
6 Dec 2022
DTN Closing Livestock Comment 12/06 15:50 Weaker Tones Dominate the Livestock Complex Tuesday It was a painstaking day throughout the livestock complex as traders sent the contracts tumbling lower and the market's fundamentals couldn't stop the downspin. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS Ebenezer Scrooge made an early December appearance and had his way with the livestock complex throughout Tuesday's trade. Red figures flashed across the marketplace as traders let the contracts fall lower given that fundamental support was nearly impossible to come by. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.43 with a weighted average of $82.12 on 8,411 head. March corn is down 3 1/4 cents per bushel and January soybean meal is up $16.50. The Dow Jones Industrial Average is down 350.76 points.