DTN Closing Livestock Comment 12/07 16:11
Traders Carefully Picked Which Livestock Markets to Support
Heading into Thursday's market, the biggest matters of concern will be the
day's export report along with any developments in the cash cattle market.
DTN Livestock Analyst
The livestock complex closed in a mixed manner as both the live cattle and
lean hog contracts saw some interest ahead of Wednesday's end, but with the
corn market posting a mild rally, the feeder cattle complex closed lower. Hog
prices closed $2.56 higher on the Daily Direct Afternoon Hog Report, pushing
the weighted average to $84.68 on 26,794 head. March corn is up 4 cents per
bushel and January soybean meal is up $10.40. The Dow Jones Industrial Average
is up 1.58 points.
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