DTN Closing Livestock Comment 02/16 16:16
16 Feb 2022
DTN Closing Livestock Comment 02/16 16:16 Cash Cattle Gain $2 From Last Week The cash cattle market was able to push prices $2.00 higher, even while the futures market chopped sideways. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle complex will be anxious to see how Thursday's export report treats the market, but the lean hog complex knows the likelihood of it getting a robust export report is slim. Wednesday was a good day for the livestock contracts as both the live cattle and lean hog contracts closed higher on strong market fundamentals, but the feeder cattle complex grew weary amid a strong grain market. Hog prices closed higher on the National Direct Afternoon Hog Report, up $2.06 with a weighted average of $91.47 on 9,178 head. March corn is up 9 cents per bushel and March soybean meal is up $10.60. The Dow Jones Industrial Average is down 54.57 points and NASDAQ is down 15.66 points.