DTN Closing Livestock Comment 12/27 15:38
27 Dec 2022
DTN Closing Livestock Comment 12/27 15:38 Choice Cuts Close Over $8.00 Higher The live cattle complex saw tremendous interest in boxed beef cuts, which allowed the market to close mostly higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mixed day for the cattle market as feeders traded lower as the corn market posed a modest rally, but the live cattle market was able to close mostly higher as the market focused on sharp gains in the boxed beef department. Meanwhile, the lean hog complex had no issue trading higher throughout the day as traders were finally given the chance to trade Friday's exciting Quarterly Hogs and Pigs report. Hog prices averaged $77.80 on the Daily Direct Afternoon Hog Report, with selling 9,889 head and the five-day rolling average now sitting at $78.43. March corn is up 8 1/2 cents per bushel and March soybean meal is down $3.50. The Dow Jones Industrial Average is up 37.63 points.