DTN Closing Livestock Comment 12/01 15:57
Packers Strike Out on Wednesday's Cash Cattle Market
Heading into Thursday's trade, all are anxiously awaiting the day's export
report and expect packers to up their bids.
DTN Livestock Analyst
The cattle contracts changed their tune come Wednesday and opted to trade
the markets higher. Meanwhile, the lean hog market wasn't as favorable, but the
cash hog market continues to demand attention. Hog prices closed higher on the
National Direct Afternoon, up $1.35 with a weighted average of $57.95 on 9,237
head. March corn is up 4 cents per bushel and January soybean meal is up $7.30.
The Dow Jones Industrial Average is down 461.68 points and NASDAQ is down
DTN offers additional daily information available free through DTN Snapshot – sign up