DTN Closing Livestock Comment 12/06 15:50
Weaker Tones Dominate the Livestock Complex Tuesday
It was a painstaking day throughout the livestock complex as traders sent
the contracts tumbling lower and the market's fundamentals couldn't stop the
DTN Livestock Analyst
Ebenezer Scrooge made an early December appearance and had his way with the
livestock complex throughout Tuesday's trade. Red figures flashed across the
marketplace as traders let the contracts fall lower given that fundamental
support was nearly impossible to come by. Hog prices closed higher on the Daily
Direct Afternoon Hog Report, up $0.43 with a weighted average of $82.12 on
8,411 head. March corn is down 3 1/4 cents per bushel and January soybean meal
is up $16.50. The Dow Jones Industrial Average is down 350.76 points.
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