DTN Closing Livestock Comment 12/21 15:58
21 Dec 2020
DTN Closing Livestock Comment 12/21 15:58 Livestock Contracts Secure Stronger Close Heading into a new week on a positive note, the livestock contracts defended their positions through Monday's close, which offers a stronger marketplace for Tuesday's trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday had a shaky start, but as the day progressed traders invested in the livestock contracts and ultimately allowed for a stronger close. Heading into the shortened holiday week, it wouldn't be unlikely to see support develop early this week and then fade away as Christmas nears. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.26 with a weighted average of $50.58 on 6,750 head. March corn is up 2 1/2 cents per bushel and January soybean meal is up $6.80. The Dow Jones Industrial Average is up 37.40 points and NASDAQ is down 13.12 points.