DTN Closing Livestock Comment 01/11 16:08
11 Jan 2021
DTN Closing Livestock Comment 01/11 16:08 Cattle Dip Lower While Hogs Press Onward Monday's trade left the livestock contracts in a mixed position with cattle trading mostly lower and hogs mostly higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The pressures continue to weigh on the cattle contracts while the lean hog market was met with considerable support through Monday's trade. Tuesday will be a big day for the feeder cattle contracts as more insight into the long-term trend of corn is hoped to be obtained through the USDA reports released Tuesday. Hog prices were higher on the National Direct Afternoon Hog Report, up $0.58 with a weighted average of $55.52 on 3,040 head. March corn is down 4 cents per bushel and March soybean meal is up $7.20. The Dow Jones Industrial Average is down 89.28 points and NASDAQ is down 165.55 points.