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DTN Closing Livestock Comment 12/12 15:39
Hogs Find Technical Footing Thursday
Heading into Friday's trade, the market could see a little more action in
the cash cattle market, but it's looking like the bulk of this week's trade is
done with.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rounded out Thursday mixed as the hog complex was
pleased to find some technical footing which allowed its contracts to close
higher, but the cattle complex ended the day slightly lower. Some more cash
cattle trade could develop Friday, but largely it's looking like the bulk of
this week's trade is done. March corn is down 4 3/4 cents per bushel and
January soybean meal is down $1.60. The Dow Jones Industrial Average is down
234.44 points.
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