DTN Closing Livestock Comment 12/29 16:03
29 Dec 2021
DTN Closing Livestock Comment 12/29 16:03 Cash Cattle Jump $3 to $5 Higher Heading into Thursday, the livestock markets are hopeful for supportive export reports and all eyes are on the cash cattle market, watching how the South handles its business. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: There's no better way to ring in the New Year than with a rallying cash cattle market. The cash cattle market has jumped $3.00 to $5.00 higher in the North. The South has yet to trade cattle as feedlots won't take steady bids. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.52 with a weighted average of $61.25 on 6,531 head. March corn is up 3/4 cent per bushel and March soybean meal is down $0.90. The Dow Jones Industrial Average is up 90.42 points and NASDAQ is down 15.50 points.