DTN Closing Livestock Comment 12/03 16:11
Livestock Contracts Drift Into Weekend Without Much Excitement
It was a quiet day for the livestock complex as the market slowly drifted
into Friday's close.
DTN Livestock Analyst
It was a lackadaisical day for the livestock contracts as not a lot rattled
the market in either direction. Looking ahead to Monday, feedlots will be
taking a through inventory of their pens and hoping that packers are aggressive
in next week's market again. Hog prices closed $3.93 higher on the National
Direct Afternoon Hog Report, equating to a weighted average of $61.80 on 12,294
head. March corn is up 7 1/4 cents per bushel and January soybean meal is up
$9.80. The Dow Jones Industrial Average is down 59.71 points and NASDAQ is down
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