DTN Closing Livestock Comment 12/26 16:01
26 Dec 2019
DTN Closing Livestock Comment 12/26 16:01 Cattle Contracts Close Higher, Lean Hog Market Closes Mixed A steady day throughout closing, markets picked up their tempo early in the day and stuck with it. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Cattle contracts pushed higher and the lean hog market opted to do the same in nearby contracts while deferred contracts dipped slightly lower. Cash cattle have yet to trade, putting a lot of pressure on Friday. Feeders are praying that the board opens Friday with the same momentum and packers are hoping that it is a weird holiday fluke. Hog prices are $0.02 higher with a weighted average of $48.75. March corn is up 1 cent per bushel and March soybean meal is down $2.10. The Dow Jones Industrial Average is up 105.94 points and NASDAQ is up 69.51 points.