DTN Closing Livestock Comment 12/01 16:07
Livestock Contracts Find Support Before Closing
Tuesday ended up being a strong day for the livestock sector as all three
markets closed higher.
DTN Livestock Analyst
Both the live cattle and lean hog markets fought some pressure but
ultimately were able to join the feeder cattle market in trading higher before
the day's close. Hog prices are unchanged on the National Direct Afternoon Hog
Report with a weighted average of $56.57 on 13,139 head and a five-day rolling
average of $56.78. March corn is down 5 1/4 cents per bushel and January
soybean meal is down $0.30. The Dow Jones Industrial Average is up 185.28
points and NASDAQ is up 156.36 points.
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