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DTN Closing Livestock Comment 12/10 15:42
Traders Push Both the Live Cattle and Feeder Cattle Contracts Higher
It was a mixed day for the livestock complex as cattle pushed higher, but
hogs fell lower, but some early sales were noted in the cash cattle market at
$191 in the South.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed with the lean hog contracts rounding out
the day lower, but the cattle contracts successfully rallied through Tuesday's
end. A few Southern live cattle traded in the South at $191 which is steady
with last week's weighted average. March corn is up 7 1/4 cents per bushel and
January soybean meal is up $2.40. The Dow Jones Industrial Average is down
154.10 points.
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