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DTN Closing Livestock Comment 12/02 16:02

12/2/2021 - 16:33:00

DTN Closing Livestock Comment 12/02 16:02
   Feedlots Champion Another Week of Higher Trade

   A strong export report for both the cattle and hog markets started the day
off with a strong lead and ultimately led to a higher close for both markets.

ShayLe Stewart
DTN Livestock Analyst


   It was a great day for the livestock contracts as the markets were supported
both technically and fundamentally. The lean hog market was especially happy to
see a strong export report, and feedlots were ecstatic to move the cash cattle
market higher again this week. Hog prices closed lower on the National Direct
Afternoon Hog Report, down $0.08 with a weighted average of $57.87 on 4,420
head. March corn is up 5 1/4 cents per bushel and January soybean meal is down
$0.30. The Dow Jones Industrial Average is up 617.75 points and NASDAQ is up
127.27 points.