DTN Closing Livestock Comment 02/17 16:18
17 Feb 2022
DTN Closing Livestock Comment 02/17 16:18 Hogs Charge Higher Heading into Friday, eyes and ears will be on the hog market to see how much more oomph it has. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tremendous day for the hog market, but the cattle complex didn't close with the same gusto. Live cattle futures chopped sideways, yearning for support, and feeder cattle futures closed lower on higher grain prices. Hog prices were unavailable on the National Direct Afternoon Hog Report due to confidentiality, but we can see that 3,365 head sold and that the five-day moving average now sits at $88.45. March corn is up 3 cents per bushel and March soybean meal is down $0.20. The Dow Jones Industrial Average is down 622.24 points and NASDAQ is down 407.38 points.