DTN Closing Livestock Comment 01/09 15:57
9 Jan 2023
DTN Closing Livestock Comment 01/09 15:57 The Livestock Complex Runs Higher Through Monday's Market Come Tuesday, livestock participants are hoping that the market will be treated with the same support. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS To start the week off, the livestock contracts couldn't have asked for a more supportive day. From a technical sense, traders showed up and traded the contracts respectively, and the fundamental support was mixed with cattle seeing ample support and hogs seeing merely no support. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.59 with a weighted average of $73.88 on 4,207 head. March corn is down 1 1/4 cents per bushel and March soybean meal is down $7.30. The Dow Jones Industrial Average is down 112.96 points.