DTN Livestock Close: Live Cattle Capture Gains

©Debra L Ferguson Stock Photography

Lean hog and feeder cattle markets closed lower giving live cattle the spark to trade higher, along with competitive cash prices.

GENERAL COMMENTS:

The market was mostly determined to trade lower. With slim demand for feeders, little market support and lean hogs taking a day of rest, it makes sense why a day of mostly sideways trade was determined.

Hog prices are higher on the National Direct Afternoon Hog Report, up $0.78 with a weighted average of $46.46.

March corn is down 1 3/4 cents per bushel and January soybean meal is up $4.80. The Dow Jones Industrial Average is up 28.01 points and NASDAQ is up 4.03 points.

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