DTN Closing Livestock Comment 12/14 15:55
14 Dec 2020
DTN Closing Livestock Comment 12/14 15:55 Cattle Receive Mixed Support While Hogs Climb Fully Higher Monday's trade shared some positivity throughout the livestock contracts, but really gave the lean hog contracts an opportunity to scale higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a great day for the lean hog contracts, but a mixed day for the cattle sector. The lean hog contracts took Monday's opportunity and ran with it moving February's contract nearly $2.50 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 1/2 cent per bushel and January soybean meal is up $0.40. The Dow Jones Industrial Average is down 184.82 points and NASDAQ is up 62.17 points.