DTN Closing Livestock Comment 01/28 16:17
28 Jan 2021
DTN Closing Livestock Comment 01/28 16:17 Lack of Trader Interest Leaves Livestock Contracts Closing Lower The livestock contracts closed mostly lower with traders needing to confirm that higher prices are indeed where the market intends to go. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday's trade wasn't anything the livestock contracts got excited about as the market faced minor losses due to the fact that traders have grown leery of pushing the market too much higher, even though the market's fundamentals are still strong. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.26 with a weighted average of $57.01 on 7,350 head. March corn is up 1/2 cent per bushel and March soybean meal is down $9.50. The Dow Jones Industrial Average is up 300.19 points and NASDAQ is up 66.56 points.