DTN Closing Livestock Comment 01/27 16:21
Lower Trend Blankets Livestock Futures Ahead of Close
As the markets head into the last trading day of the week, they're hopeful
that more support will push the contracts higher ahead of the weekend.
DTN Livestock Analyst
The livestock complex closed lower Thursday as traders left the marketplace
to fend for itself. Hog prices closed higher on the National Direct Afternoon
Hog Report, up $5.53 with a weighted average of $73.82 on 5,396 head. March
corn is down 1 3/4 cents per bushel and March soybean meal is up $4.20. The Dow
Jones Industrial Average is down 7.31 points and NASDAQ is down 189.34 points.
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