DTN Closing Livestock Comment 12/08 16:19
Waiting on Cash Cattle to Trade
Come Friday, the market will be extremely anxious to see how this week's
cash cattle market pans out.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS
It was another mixed day for the livestock complex as both the live cattle
and feeder cattle contracts found technical support while the lean hog complex
traded lower throughout Thursday. Hog prices closed lower on the Daily Direct
Afternoon Hog Report, down $3.57 with a weighted average of $81.11 on 4,149
head and a five-day rolling average of $83.40. March corn is up 1 1/4 cents per
bushel and January soybean meal is up $7.40. The Dow Jones Industrial Average
is up 183.56 points.
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