DTN Closing Livestock Comment 12/16 16:14
16 Dec 2021
DTN Closing Livestock Comment 12/16 16:14 Steer Carcass Weights Hit a New High for the Year Thursday's support centered around the market's strong beef and pork export report, which then led to a rally in the futures contracts as well. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Upon seeing Thursday's bullish export report, both the live cattle and lean hog contracts were able to rally and eventually the feeder cattle market jumped on board too. The markets will likely trade gingerly throughout Friday's trade as the market enters the week of Christmas. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.98 with a weighted average of $60.09 on 4,614 head. March corn is up 5 1/2 cents per bushel and January soybean meal is up $0.10. The Dow Jones Industrial Average is down 29.79 points and NASDAQ is down 385.14 points.