DTN Closing Livestock Comment 12/10 16:13
Livestock Complex Closes With Some Gains, Some Losses
Live cattle contracts closed mixed Tuesday while the rest of the livestock
sector traded mostly higher.
By ShayLe Stewart
DTN Livestock Analyst
It was a rather uneventful day for the livestock sector, with no crazy gains
but also no substantial losses. It will probably be later in the week when cash
cattle start to trade that lean hogs could trade lower if they take the back
burner. Live cattle contracts could heat up if cash prices take off. Hog prices
are higher on the National Direct Afternoon Hog Report, up $0.62 with a
weighted average of $47.68. March corn is up 1 1/4 cents per bushel, and
January soybean meal is up $0.20. The Dow Jones Industrial Average is down
27.88 points, and the NASDAQ is down 5.65 points.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot