DTN Closing Livestock Comment 01/11 16:12
11 Jan 2023
DTN Closing Livestock Comment 01/11 16:12 Thursday's WASDE Report Will Likely Influence the Livestock Complex Heading into Thursday's market, the two big matters of business that need monitored are any developments in the cash complex as well as UDSA's WASDE report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS The livestock complex closed fully lower without much interest from traders allowing the contracts to do anything else. Traders seem to be cautiously waiting for the week's cash cattle market to trade, as well as to see what Thursday's WASDE report holds before moving the contracts in either direction much more. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.32 with a weighted average of $72.99 on 7,178 head. March corn is up 1 cent per bushel and March soybean meal is up $5.70. The Dow Jones Industrial Average is up 268.91 points.