DTN Closing Livestock Comment 01/23 15:41
23 Jan 2023
DTN Closing Livestock Comment 01/23 15:41 Lower Corn Sends Cattle Higher Cheaper corn prices helped both the live cattle and feeder cattle contracts trade higher throughout Monday's market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS Both the live cattle and feeder cattle markets were able to round out Monday's trade fully higher, but the lean hog complex wasn't as fortunate as the market's support grew weary as the day traded on. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.28 with a weighted average of $70.62 on 7,464 head. March corn is down 10 cents per bushel and March soybean meal is down $1.80. The Dow Jones Industrial Average is up 217.75 points.