DTN Closing Livestock Comment 12/11 16:01
Stronger Close for Livestock Contracts Wednesday
Call the day a midweek win as live cattle and feeder cattle contracts closed
higher and lean hog contracts close mixed.
By ShayLe Stewart
DTN Livestock Analyst
Overall Wednesday closed stronger in all three livestock contracts. Cattle
contracts closed the day stronger throughout all contract months and the lean
hog market closed mixed with some contracts higher and some lower. Hog prices
are higher on the National Direct Afternoon Hog Report, up $0.21 with a
weighted average of $47.79. March corn is down 5 3/4 cents per bushel and
January soybean meal is down $3.70. The Dow Jones Industrial Average is up
29.58 points and NASDAQ is up 37.87 points.
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