DTN Closing Livestock Comment 12/17 16:16
17 Dec 2020
DTN Closing Livestock Comment 12/17 16:16 Southern Feedlots Win the Standoff Thursday was a fruitful day for the livestock sector as each livestock contract was able to see higher closes and the cash cattle market won the standoff in the South. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a great day for the livestock contracts, but an even better day for the cash cattle market. The cash cattle market was standing at an utter standstill as packers were reluctant to pay feedlots' asking prices, but low and behold, come Thursday afternoon, country-buyers came with the checkbooks in hand. Hog prices were lower on the National Direct Afternoon Hog Report, down $0.94 with a weighted average of $52.07 on 6,985 head. March corn is up 5 1/4 cents per bushel and January soybean meal is up $3.40. The Dow Jones Industrial Average is up 147.25 points and NASDAQ is up 106.55 points.