DTN Closing Livestock Comment 01/07 16:08
7 Jan 2021
DTN Closing Livestock Comment 01/07 16:08 Livestock Contracts Close With Modest Gains Thursday By no means did the livestock contracts close sharply higher, but the break in the corn market helped boost the cattle contract's morale, and the fundamental support in the lean hog sector helped keep lean hog contracts elevated through closing. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It's been an eventful week for the new year, and when given the opportunity, the livestock contracts were thankfully rallied with Thursday's modest support. Hog prices closed higher on the National Direct Afternoon Hog Report, up $2.88 with a weighted average of $55.23 on 5,567 head. March corn is down 1 cent per bushel and March soybean meal is down $6.10. The Dow Jones Industrial Average is up 211.73 points and NASDAQ is up 326.69 points.