DTN Closing Livestock Comment 12/23 15:49
23 Dec 2021
DTN Closing Livestock Comment 12/23 15:49 Cattle Round Out Week Higher Before Heading to Christmas The livestock complex closed with gains in the cattle contracts, but with minor losses in the lean hog contracts before heading into the long Christmas weekend. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The lean hog contracts saw some push back as the day neared it's close, but both the live cattle and feeder cattle contracts closed fully higher. The Quarterly Hogs and Pigs Report was found to be bullish, and the Cattle on Feed report was neutral. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.56 with a weighted average of $60.53 on 3,930 head. March corn is up 3 1/4 cents per bushel and March soybean meal is up $2.20. The Dow Jones Industrial Average is up 292.21 points and NASDAQ is up 166.35 points.