DTN Closing Livestock Comment 01/31 16:02
31 Jan 2020
DTN Closing Livestock Comment 01/31 16:02 Backing Off on Saturday Kills It's been a wild week for the livestock contracts as the board was mostly energized to fall lower, which was only stimulated by the coronavirus fear. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Between coronavirus, the cattle inventory report and trying to keep up with what seems like a bottomless board, this week has been a handful. Hopefully the market will be able to capitalize on the positive findings of this week (cattle inventory report) and let the other problems fade into the background next week. Hog prices are lower on the National Direct Afternoon Hog Report, down $1.71 with a weighted average of $52.49. March corn is up 1 3/4 cents per bushel and March soybean meal is down $0.50. The Dow Jones Industrial Average is down 538.36 points and NASDAQ is down 116.88 points.