DTN Closing Livestock Comment 12/06 16:03
6 Dec 2021
DTN Closing Livestock Comment 12/06 16:03 Cattle Close Higher, Hogs Plunder Heading into Tuesday's trade, the hog market is hoping to find some support as Monday was a rough day for the market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts ending up rounding out the Monday fully higher, but hogs struggled throughout the cash and futures markets. Feedlots have yet to disclose their asking prices for the week, but they aren't going to be easily persuaded into selling cattle for steady money this week. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.29 with a weighted average of $60.51 on 7,607 head. March corn is down 1/2 cent per bushel and January soybean meal is down $6.00. The Dow Jones Industrial Average is up 646.95 points and NASDAQ is up 139.68 points.