DTN Livestock Close: Down Day for Cattle, Lean Hogs Mostly Higher

©Debra L Ferguson Stock Photography

Cattle contracts struggled to keep losses less than $1.00, the lean hog market was weak in spots but kept the bulk of the contracts higher.

GENERAL COMMENTS:

For about a month now, cattle contracts have been trading more or less steady with days of higher prices followed with days of lower prices. As time keeps etching closer and closer to the New Year, cattlemen anxiously await the much anticipated boost that typically comes not too long after the ringing in Jan. 1.

Hog prices are higher again on the National Direct Morning Hog Report, up $0.71 with a weighted average of $45.73.

March corn is down 2 3/4 cents per bushel and January soybean meal is up $2.00. The Dow Jones Industrial Average is up 146.97 points and NASDAQ is up 46.03 points.

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