DTN Closing Livestock Comment 02/21 15:55
Strong Fundamentals Keep Cattle Trending Higher Wednesday
Heading into Thursday's market, packer interest could improve and bids may
begin to surface.
DTN Livestock Analyst
It was another strong day for the cattle complex as the market continued to
trade steady or somewhat higher, thanks to its strong fundamental footing, but
the hog market wasn't as supported. March corn is down 7 3/4 cents per bushel
and May soybean meal is down $5. The Dow Jones Industrial Average is up 48.44
points. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up
$2.37 with a weighted average price of $72.62 on 5,440 head.
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