DTN Closing Livestock Comment 12/28 15:55
28 Dec 2022
DTN Closing Livestock Comment 12/28 15:55 Traders Support the Livestock Contracts Through Closing Monitoring the cash cattle market will be the most important matter through Thursday's market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mostly supportive day for the livestock complex as traders are eager to trade the contracts higher, but they do want to see more fundamental support. The cash cattle market is expected to see more interest come Thursday, and prices are expected to be higher. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.80 with a weighted average of $76.00 on 9,002 head. March corn is up 8 cents per bushel and March soybean meal is up $13.50. The Dow Jones Industrial Average is down 365.85 points.