DTN Closing Livestock Comment 02/18 16:12
18 Feb 2022
DTN Closing Livestock Comment 02/18 16:12 Pork Cutout Values Close $10 Higher Again As trade starts next week, the live cattle market will be anxiously waiting to see how many cattle sold with time this past week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tremendous week for the lean hog complex as support rolled into the market from both the futures and fundamentals. The live cattle market saw mixed support as the cash jumped $2.00 higher, but the futures traded in a unenthused manner. Hog prices averaged 86.78 on the National Direct Afternoon Hog Report, ranging from $82.00 to $100.00 on 2,821 head. March corn is up 4 1/4 cents per bushel and March soybean meal is down $1.30. The Dow Jones Industrial Average is down 227.43 points and NASDAQ is down 170.09 points.