DTN Closing Livestock Comment 12/07 16:03
7 Dec 2020
DTN Closing Livestock Comment 12/07 16:03 Livestock Contracts Continue to Bleed Lower Boxed beef prices closed substantially lower Monday afternoon following suit with the rest of the livestock complex. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday was rough on the livestock contracts as all three markets closed lower, keeping with Friday's doggish trade. With traders unwilling to step into the marketplace, the contracts were left with no other option but to veer lower. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.06 with a weighted average of $55.37 on 5,240 head. March corn is up 3 1/2 cents per bushel and January soybean meal is down $3.20. The Dow Jones Industrial Average is down 148.47 points and NASDAQ is up 55.72 points.