DTN Closing Livestock Comment 01/24 16:09
Livestock Contracts Close Lower
It may have been a shortened week but with the up and downs throughout the
complex, contracts are exhausted and traders are looking forward to taking the
weekend off from this week's madness.
By ShayLe Stewart
DTN Livestock Analyst
The livestock complex didn't fare too well this week. The lean hog market
seemed to have a good run, then the board sold off Friday but cash prices
thankfully stayed the course. Hog prices are higher on the National Direct
Afternoon Hog Report, up $0.59 with a weighted average of $52.73. March corn is
down 6 1/2 cents per bushel and March soybean meal is down $0.60. The Dow Jones
Industrial Average is down 170.36 points and NASDAQ is down 87.57 points.
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