DTN Closing Livestock Comment 12/21 16:00
21 Dec 2021
DTN Closing Livestock Comment 12/21 16:00 Traders Bounce Livestock Contracts Higher Traders saved Tuesday's livestock complex as the entire market closed higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Traders dove into the livestock complex as the day's hero, as Monday, the livestock complex was hurting to find any substantial support. It was surprising to see Tuesday's cash hog market jump up as aggressively as it did, but that could be problematic for the latter half of the week as packers could let the market trade without needing any more hogs. Hog prices closed higher on the National Direct Afternoon Hog Report, up $2.18 with a weighted average of $60.54 on 8,857 head. March corn is up 7 1/4 cents per bushel and January soybean meal is up $7.80. The Dow Jones Industrial Average is up 560.54 points and NASDAQ is up 360.15 points.