DTN Closing Livestock Comment 02/01 16:04
1 Feb 2021
DTN Closing Livestock Comment 02/01 16:04 Livestock Contracts Dive Into the New Week Mostly Optimistic Following last week's strong developments, the livestock contracts traded through Monday with mostly the same positive attitude -- hungry and looking for more. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday ended up being a good day for the livestock sector as most of the livestock contracts were able to close higher and the fundamental support of the marketplace remains ample. USDA is having technical issues, so a lot of their reports were not available at the time these comments were published. Hog prices are unavailable due to technical issues at the USDA. March corn is up 2 1/4 cents per bushel and March soybean meal is down $0.50. The Dow Jones Industrial Average is up 229.29 points and NASDAQ is up 332.71 points.