DTN Closing Livestock Comment 12/10 16:13
10 Dec 2021
DTN Closing Livestock Comment 12/10 16:13 Livestock Contracts Slam Friday's Door With Higher Prices Heading into next week's trade, the cash cattle market could face more pressure from packers as they were able to trade cattle for lower prices this week and get cattle committed with time. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a good day for the entire livestock complex as the live cattle, feeder cattle and lean hog markets all got to round out the week higher. The lean hog market saw the most action throughout Friday's trade and the complex couldn't be any more excited for the 2021 year to be almost over and for 2022 to be nearing as hog producers are banking on a stronger market in 2022. Hog prices closed lower on the National Direct Afternoon Hog Report, down $2.77 with a weighted average of $57.69. March corn is down 1 3/4 cents per bushel and January soybean meal is steady. The Dow Jones Industrial Average is up 216.30 points and NASDAQ is up 113.23 points.