DTN Closing Livestock Comment 01/10 15:59
10 Jan 2023
DTN Closing Livestock Comment 01/10 15:59 Corn Prices Corrected and Allowed for Cattle to Close Mostly Higher It was back and forth kind of day for the livestock complex as the market managed pressures from the corn complex, but by Tuesday's close, the cattle sector fronted a mostly higher position. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS Around the noon hour Tuesday, it looked like the livestock complex was in for a lower day, but as the corn market corrected and closed mostly steady, the cattle contracts were able to front a mostly higher position ahead of the day's end. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.57 with a weighted average of $73.31 on 10,138 head. March corn is up 2 1/4 cents per bushel and March soybean meal is down $1.40. The Dow Jones Industrial Average is up 186.45 points.