DTN Closing Livestock Comment 01/25 16:47

DTN Closing Livestock Comment 01/25 16:47 Hog Market Under Pressure Again Friday Lean hog futures fell again Friday, adding more weakness to the entire livestock market. By Rick Kment DTN Analyst GENERAL COMMENTS: Lean hog futures were down by triple digits Friday, adding more weakness to livestock markets. Traders focused on fundamental and technical factors through late January. Cattle futures were mixed in light trade. From Friday to Friday, livestock futures scored the following changes: Feb LC, off $0.47; Apr LC, off $0.52; Jan FC, up $1.92; Mar FC, up $0.80; Feb LH, off $2.85; Apr LH, off $4.15. Cash cattle trade developed through Friday afternoon with live trade seen mostly $123 per cwt, $1 per cwt lower than last week. Dressed cattle in the North sold steady with last week's price levels, at $197 per cwt. A few more cattle may sell late Friday, but the tone of the market is already set. According to the closing report, the national hog base is $0.15 lower ($46-$52.19, weighted average of $51.32). Corn futures are higher in light activity. March futures were 3 1/4 cents higher. Dow Jones Index is 183 points higher with the Nasdaq up 91 points.