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DTN Closing Livestock Comment 12/05 15:41
Cheaper Corn Support, Higher Feeder Cattle Prices
The livestock complex had a mixed day with some markets finding support and
other markets coming up short.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS
The livestock complex closed mixed as the live cattle complex closed
hesitantly, not finding the support it needed, the feeder cattle contracts ran
higher thanks to cheaper corn prices and the hog complex rounded the day out
mixed as it too lacked enough support. Hog prices closed lower on the Daily
Direct Afternoon Hog Report, down $0.53 with a weighted average of $81.69 on
5,768 head. March corn is down 5 3/4 cents per bushel and January soybean meal
is up $8.00. The Dow Jones Industrial Average is down 482.78 points.
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