DTN Closing Livestock Comment 01/04 16:06
4 Jan 2023
DTN Closing Livestock Comment 01/04 16:06 Feedlots Remain Unwilling to Trade Cattle at Steady Money The cash cattle market could see more interest come Thursday, but unless packers match feedlots' asking prices, trade could wait to develop until Friday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS The livestock complex closed mixed with both the live cattle and feeder cattle contracts closing higher, while the lean hog market drifted lower through the day's end. With the sharp decline in corn prices, the cattle sector rallied on the news, especially the feeder cattle contracts. Hog prices are unavailable on the Daily Direct Afternoon Hog Report due to packer submission issues. March corn is down 16 3/4 cents per bushel and March soybean meal is down $2.40. The Dow Jones Industrial Average is up 133.40 points.