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DTN Closing Livestock Comment 12/20 16:27
Traders Keep the Livestock Contracts Higher Through Friday's End
Even though next week is a holiday-shortened week for Christmas, don't
forget that on Monday the Quarterly Hogs and Pigs report will be released and
we still should see ample packer interest in the cash market.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a successful day for the livestock contracts as all three of the
markets closed higher by Friday's ending bell. And to help matters even more,
it was reassuring for cattlemen to find the afternoon's Cattle on Feed report
neutral to somewhat bullish. March corn is up 5 1/2 cents per bushel and March
soybean meal is up $11.20. The Dow Jones Industrial Average is up 498.02 points.
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