DTN Livestock Close: Contracts Find Support Before Closing

Tuesday ended up being a strong day for the livestock sector as all three markets closed higher.

GENERAL COMMENTS:

Both the live cattle and lean hog markets fought some pressure but ultimately were able to join the feeder cattle market in trading higher before the day’s close.

Hog prices are unchanged on the National Direct Afternoon Hog Report with a weighted average of $56.57 on 13,139 head and a five-day rolling average of $56.78.

March corn is down 5 1/4 cents per bushel and January soybean meal is down $0.30. The Dow Jones Industrial Average is up 185.28 points and NASDAQ is up 156.36 points.

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