DTN Closing Livestock Comment 12/02 15:56
2 Dec 2024
DTN Closing Livestock Comment 12/02 15:56 Hogs Push Higher While Cattle Regressed through Monday's Close The feeder cattle complex was the driver of last week's rally, but shortly after Monday's opening bell traders let the market drift lower which also pressured the live cattle contracts to close lower as well. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex endured another mixed day where the lean hog complex rallied but the cattle contracts sank backward as traders' support wasn't as plentiful. New showlists appear to be somewhat higher in Texas, and higher in Kansas, and Nebraska/Colorado. March corn is down 1/2 cent per bushel and January soybean meal is down $4.00. The Dow Jones Industrial Average is down 128.65 points.