DTN Closing Livestock Comment 12/14 15:55
14 Dec 2022
DTN Closing Livestock Comment 12/14 15:55 Still No Cash Cattle Trade Wednesday With boxed beef prices catching flak and holiday-shortened weeks nearing, packers are putting up a tough front in this week's cash cattle market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS The livestock complex was a grim place to be ahead of Wednesday's end as traders didn't stick around to support the complex last minute. Heading into Thursday, all eyes will be on the day's export report, and any developments regarding cash cattle sales. The Feds did raise interest rates by a half-percent, which was expected. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.85 with a weighted average of $80.63 on 7,947 head. March corn is down 3 cents per bushel and January soybean meal is up $7.80. The Dow Jones Industrial Average is down 142.29 points.