DTN Closing Livestock Comment 12/01 15:57
1 Dec 2021
DTN Closing Livestock Comment 12/01 15:57 Packers Strike Out on Wednesday's Cash Cattle Market Heading into Thursday's trade, all are anxiously awaiting the day's export report and expect packers to up their bids. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts changed their tune come Wednesday and opted to trade the markets higher. Meanwhile, the lean hog market wasn't as favorable, but the cash hog market continues to demand attention. Hog prices closed higher on the National Direct Afternoon, up $1.35 with a weighted average of $57.95 on 9,237 head. March corn is up 4 cents per bushel and January soybean meal is up $7.30. The Dow Jones Industrial Average is down 461.68 points and NASDAQ is down 283.64 points.