DTN Closing Livestock Comment 01/23 16:07
Cattle Contracts Bleed Lower Thursday
Another day comes and goes as the lean hog market captures center stage and
moves higher while cattle contracts bear lower.
By ShayLe Stewart
DTN Livestock Analyst
For one livestock market, this week has been fruitful and for the other, it
has been brutally painful. Cattle contracts can't win this week and the lean
hog market was tactfully aligned to capture this week's opportunity. Hog prices
are higher on the National Direct Afternoon Hog Report, up $0.15 with a
weighted average of $52.07. March corn is up 5 cents per bushel and March
soybean meal is up $1.00. The Dow Jones Industrial Average is down 26.18 points
and NASDAQ is up 18.71 points.
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