DTN Closing Livestock Comment 01/22 16:21 Live Cattle Futures Close at Record Highs on Wednesday Cattle futures have closed at record high levels with live cattle futures pushing above the $200-per-cwt threshold. This is creating potential late-week shifts in all cattle markets. Rick Kment DTN Analyst GENERAL COMMENTS: Strong triple-digit gains have flooded through live cattle and feeder cattle markets Wednesday, moving nearby live cattle and feeder cattle prices to new record-high levels. The most obvious shift is spot month live cattle contracts closing above the $200-per-cwt threshold. The ability to move to the double-century market currently plays a bigger role than any technical or fundamental factors in the market. Although it is expected that the current support will find additional momentum, it is uncertain how aggressive traders will be early Thursday morning as they return to the market. Hog prices closed higher on the Daily Direct Afternoon hog report, up $1.51 with a weighted average of $81.26 on 6,868 hogs. March corn closed down 5 3/4 at $4.843, and March soybean meal closed up $4.80 at $315.8. The Dow Jones Industrial Average is up 130.92 at 44,156.73.