DTN Closing Livestock Comment 01/18 15:51
18 Jan 2023
DTN Closing Livestock Comment 01/18 15:51 Mixed Tones Leave the Livestock Complex Eager for Thursday Come Thursday, the cash cattle market is expected to see more interest and could even begin to trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mixed arena for the livestock complex Wednesday as the live cattle and feeder cattle contracts were able close mostly higher as the corn market regressed mildly, but the lean hog market lacked trader interest. Come Thursday, the cash cattle market is expected to see more support and could even see the bulk of the week's movement traded. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.18 with a weighted average of $71.21 on 9,834 head. March corn is down 4 cents per bushel and March soybean meal is down $3.10. The Dow Jones Industrial Average is down 613.89 points.