DTN Closing Livestock Comment 01/28 16:02
Lean Hog Market Strong, Cattle Complex Closes Weak
Some stability may have been found in the lean hog sector, but cattle
contracts aren't able to rebound on the same note.
By ShayLe Stewart
DTN Livestock Analyst
Tuesday came as a bit of a mix for the livestock contracts. Initially the
day started out strong in every division, but as time went on the lean hog
market grew strong, being supported from the cash market, and cattle contracts
grew weaker. Hog prices are higher on the National Direct Afternoon Hog Report,
up $0.82 with a weighted average of $54.71. March corn is up 6 cents per bushel
and March soybean meal is down $0.20. The Dow Jones Industrial Average is up
186.64 points and NASDAQ is up 130.37 points.
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