DTN Livestock Close: Markets See Steady Gains

Closing the day with another strong close helps keep the overall morale of the livestock markets high.

GENERAL COMMENTS:

All three sectors were able to close the day higher and secure more market position and interest through closing Tuesday. The feeder cattle and lean hogs markets were the most optimist, but the live cattle contracts weren’t far behind and look for higher cash prices later this week.

Hog prices close higher on the National Direct Afternoon Hog Report, up $2.05 with a weighted average of $50.05.

March corn is up 5 1/4 cents per bushel and March soybean meal is up $1.10. The Dow Jones Industrial Average is down 165.89 points and NASDAQ is up 1.56 points.

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