DTN Closing Livestock Comment 12/11 16:05
11 Dec 2020
DTN Closing Livestock Comment 12/11 16:05 Cattle Contracts Close Higher, Round Out Difficult Week The livestock contracts had an uphill battle this past week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Rounding out the week, the livestock contracts had some wins and losses. The week's cash cattle trade, boxed beef prices and lean hog contracts struggled but by the week's end, the positioning lost wasn't as stark, as both the live cattle and feeder cattle contracts closed higher. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.77 with a weighted average of $53.44 on 7,860 head. March corn is up 2 1/4 cents per bushel and January soybean meal is up $3.10. The Dow Jones Industrial Average is up 27.12 points and NASDAQ is down 40.20 points.