DTN Closing Livestock Comment 01/13 15:53
13 Jan 2023
DTN Closing Livestock Comment 01/13 15:53 Cash Cattle Trade Lower but Doesn't Drag the Live Cattle Contracts Lower Heading into Tuesday's market, it will be inherently important to see how cattle were committed for delivery. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was rather impressive that the live cattle contracts were able to round out Friday's market slightly higher despite the fact that cash cattle traded $1.00 to $2.00 lower. The feeder cattle market, unfortunately, can't say the same as higher corn prices kept its market depressed, but the lean hog complex did close mostly higher as pork cutout values closed higher. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.80 with a weighted average of $71.80 on 3,652 head. March corn is up 4 cents per bushel and March soybean meal is down $5.00. The Dow Jones Industrial Average is up 112.64 points.