DTN Closing Livestock Comment 12/04 15:56
A Lower Close for Most of the Livestock Contracts Friday
Friday closed mostly lower throughout the livestock contracts with the
feeder cattle market being the only one able to secure some profitability.
DTN Livestock Analyst
Friday (and this past week really) ending up being a disappointing trade
week for the livestock contracts. Meanwhile, the cash cattle market was also
less than what the week had hoped for as feedlots aspired to move the market
$2.00 to $3.00 higher. Hog prices closed lower on the National Direct Afternoon
Hog Report, down $0.46 with a weighted average of $55.81 on 7,508 head. March
corn is down 6 cents per bushel and January soybean meal is down $4.50. The Dow
Jones Industrial Average is up 248.74 points and NASDAQ is up 87.05 points.
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