DTN Closing Livestock Comment 12/23 16:06
Hogs Maintained their Mild Rally through Tuesday's Close
With some light cash cattle trade developing and the Quarterly Hogs and Pigs
report being released, it was a busy afternoon for the livestock complex.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed, with the cattle contracts dipping lower
while the hog contracts closed higher in anticipation of the afternoon's
Quarterly Hogs and Pigs Report. Some light cash cattle trade developed in the
South at $229 and some Northern dressed cattle traded at $356 to $357. March
corn is up 1/2 cent per bushel and March soybean meal is up $2.30. The Dow
Jones Industrial Average is up 79.73 points and the NASDAQ is up 133.01 points.
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