DTN Closing Livestock Comment 12/16 16:20
16 Dec 2019
DTN Closing Livestock Comment 12/16 16:20 Livestock Markets Close Mixed Lean hog contracts kept Friday's positive momentum, while cattle contracts couldn't trade higher throughout Monday. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday could be called a win for livestock contracts, as lean hog futures traded higher and cattle contracts were able to keep most of Friday's rally. Monday is typically a slow day for cattle contracts, so it's not unusual to see cattle contracts weaker at the start of a new week. Hog prices on the National Direct Afternoon Hog Report closed $0.12 higher with a weighted average of $48.12. March corn closed up 7 cents per bushel and January soybean meal was up $4.40. The Dow Jones Industrial Average was up 100.51 points and the NASDAQ was up 79.35 points.