DTN Closing Livestock Comment 12/30 16:10
30 Dec 2020
DTN Closing Livestock Comment 12/30 16:10 Cash Cattle Market Jumps Despite Lower Cattle Futures Cattle contracts kept with their lower progression, but feedlots didn't let the board's weaker trade deteriorate the cash cattle market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock contracts once again closed mixed as cattle contracts waned lower and the lean hog contracts fought to keep any support that was available. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.03 with a weighted average of $49.01 on 11,134 head. March corn is up 8 1/2 cents per bushel and March soybean meal is up $3.50. The Dow Jones Industrial Average is up 73.89 points and NASDAQ is up 19.78 points.