DTN Closing Livestock Comment 02/10 16:11
10 Feb 2021
DTN Closing Livestock Comment 02/10 16:11 Livestock Contracts Met With Mixed Support Both the live cattle and lean hog contracts are hopeful to see a strong export report early Thursday morning, along with support in the cash cattle market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The lean hog and feeder cattle contracts had excellent days as the lean hog market continues to be met with exception fundamental support and the break in the corn market's higher surge allowed for the feeder cattle contracts to regain some positioning. Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.16 with a weighted average of $65.26 on 6,202 head. March corn is down 21 3/4 cents per bushel and March soybean meal is down $16.40. The Dow Jones Industrial Average is up 61.97 points and NASDAQ is down 35.17 points.