DTN Closing Livestock Comment 02/08 16:09
8 Feb 2022
DTN Closing Livestock Comment 02/08 16:09 Lean Hogs, Feeder Cattle Round Out Tuesday Fully Higher Heading into Wednesday's trade, the cash cattle market could start to see some action. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The lean hog complex continues to jump to new highs as the market rallies on expected demand and thin supplies of market-ready hogs. Meanwhile, the feeder cattle complex took Tuesday for all that it was worth as the corn market's regression posed an opportunity for feeders to rally. Hog prices closed higher on the National Direct Afternoon Hog Report, up $7.99 with a weighted average of $82.51 on 6,045 head. March corn is down 3 cents per bushel and March soybean meal is up $1.30. The Dow Jones Industrial Average is up 371.65 points and NASDAQ is up 178.79 points.