DTN Closing Livestock Comment 02/05 15:49
5 Feb 2020
DTN Closing Livestock Comment 02/05 15:49 All Livestock Contracts Bleed Lower Wednesday Afternoon Wednesday morning's bullishness didn't last long as all three livestock markets closed significantly lower. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: As the bell closed Wednesday and ended another day, this week is shaping up to be like the last two as markets teeter back and forth but decide that lower trade is where the chips will land. As the midweek mark has come, and not a sign of bullishness roars, it's very likely that this week could end up coming and going like the last two -- lower, lower, lower. Hog prices closed lower on the National Direct Afternoon Hog Report, down $3.07 with a weighted average of $50.07. March corn is down 1 1/2 cents per bushel and March soybean meal is down $1.10. The Dow Jones Industrial Average is up 483.22 points and NASDAQ is up 40.71 points.