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DTN Closing Livestock Comment 02/03 15:36

3 Feb 2023
DTN Closing Livestock Comment 02/03 15:36 Higher Tones Dominate the Livestock Complex Friday Friday wasn't a gloomy day for the livestock complex as the futures market closed higher and Northern live cattle traded $2.00 stronger. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was an extremely positive day for the livestock complex as the futures market saw higher closes and began to see a light trade develop in the North for $2.00 higher in the cash market. Currently, cattle have still not sold in the South and, unless trade happens later Friday, feedlots could be looking at rolling over cattle, which consequently means that packers got very few bought this week. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.28 with a weighted average of $72.65 on 5,407 head. March corn is up 2 1/4 cents per bushel and March soybean meal is up $4.70. The Dow Jones Industrial Average is down 138.36 points.