DTN Closing Livestock Comment 02/15 16:10
15 Feb 2022
DTN Closing Livestock Comment 02/15 16:10 Another Day, Higher Prices for Livestock Futures Heading into Wednesday, the cash cattle market will likely see more interest and feedlots are hoping to move prices higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex saw higher prices again Tuesday as, technically speaking, the contracts are seeing tremendous support. The cash hog market jumped nearly $3.00 higher and traded a staggering volume of hogs. Now the cash cattle market just needs to follow that trend for the week. Hog prices closed higher on the National Direct Afternoon Hog Report, up $2.90 with a weighted average of $89.41 on 13,406 head. March corn is down 17 3/4 cents per bushel and March soybean meal is down $9.60. The Dow Jones Industrial Average is up 422.67 points and NASDAQ is up 348.84 points.