DTN Closing Livestock Comment 01/06 16:07
6 Jan 2021
DTN Closing Livestock Comment 01/06 16:07 Live Cattle Defend Modest Gains Wednesday Wednesday's livestock contracts traded mostly lower other than in the live cattle complex where modest support helped the contracts trade slightly higher through closing. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Given the chaos that broke out through the U.S. government and in Washington, D.C., it's likely that Thursday's futures will be lower until some certainty and confidence is regained. Nevertheless, the cash cattle market is still hopeful to trade cattle at least $1.00 to $2.00 higher. Hog prices are lower on the National Direct Afternoon Hog Report, down $2.34 with a weighted average of $52.35 on 9,585 head. March corn is up 3 1/4 cents per bushel and March soybean meal is up $6.50. The Dow Jones Industrial Average is up 437.80 points and NASDAQ is down 78.17 points.