DTN Closing Livestock Comment 12/02 16:02
2 Dec 2021
DTN Closing Livestock Comment 12/02 16:02 Feedlots Champion Another Week of Higher Trade A strong export report for both the cattle and hog markets started the day off with a strong lead and ultimately led to a higher close for both markets. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a great day for the livestock contracts as the markets were supported both technically and fundamentally. The lean hog market was especially happy to see a strong export report, and feedlots were ecstatic to move the cash cattle market higher again this week. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.08 with a weighted average of $57.87 on 4,420 head. March corn is up 5 1/4 cents per bushel and January soybean meal is down $0.30. The Dow Jones Industrial Average is up 617.75 points and NASDAQ is up 127.27 points.