DTN Closing Livestock Comment 02/16 16:13
16 Feb 2021
DTN Closing Livestock Comment 02/16 16:13 Cold Weather Affects Livestock Industry Immensely Winter challenges affect all the livestock markets and puts immense pressure on slaughter speeds. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: This week has most certainly come with challenges stemming largely from frigid weather conditions and frustrating power outages. When put to the test, we realize just how important day-to-day luxuries are, and are thankful these aren't our "normal" circumstances. The livestock contracts handled Tuesday's debut exceptionally well, which largely stems from the bullish close that rounded out the week last Friday. Hog prices closed sharply higher on the National Direct Afternoon Hog Report, up $2.47 with a weighted average of $69.56 on 4,955 head. March corn is up 13 1/2 cents per bushel and March soybean meal is up $1.20. The Dow Jones Industrial Average is up 64.35 points and NASDAQ is down 47.98 points.