DTN Closing Livestock Comment 01/19 16:01
19 Jan 2023
DTN Closing Livestock Comment 01/19 16:01 Livestock Market Closes With Red Ink Everywhere Thursday Come Friday, the market will be especially interested to see how export sales fair along with seeing how Thursday afternoon's Cattle on Feed report will influence the market early next week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a brutal day for the livestock complex as the market faced immense pressure from outside factors and stood no chance at trading higher given the stiff down pressure that loomed over the marketplace. Friday will be a busy day with the week's export data released first thing, and cattlemen anxious to see the afternoon's latest Cattle on Feed report. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.86 with a weighted average of $70.35 on 9,829 head. March corn is down 4 cents per bushel and March soybean meal is down $6.90. The Dow Jones Industrial Average is down 250.01 points.