DTN Closing Livestock Comment 12/22 16:07
22 Dec 2021
DTN Closing Livestock Comment 12/22 16:07 Winning Opportunities for the Livestock Complex Wednesday Heading into Thursday's trade, the market prepares for the latest export data as well as for the newest Cattle on Feed and Quarterly Hogs and Pigs report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: What a day it was for the livestock complex! Heading into the week, we all thought that the week's trade would be mundane and boring, given that the holiday slug was putting a damper on things. Thankfully, the robust demand in the market helped fuel higher cash prices for both cattle and hogs and the contracts closed higher too. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.55 with a weighted average of $61.09 on 5,801 head. March corn is up 4 1/4 cents per bushel and March soybean meal is up $7.80. The Dow Jones Industrial Average is up 261.19 points and NASDAQ is up 180.80 points.