DTN Closing Livestock Comment 02/06 16:13
6 Feb 2020
DTN Closing Livestock Comment 02/06 16:13 Livestock Close Higher Thursday Thursday's morning rally stayed through closing and helped rise spirits in the livestock market. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: China's announcement earlier Thursday morning that they would be rolling back a portion of the pork tariffs not only helped bolster the pork market, but also sent an unsaid message that trade will continue despite concern of the coronavirus. In a time where pork production is astronomically high and slaughter is extremely aggressive, the announcement earlier was significant. Hog prices are $0.28 higher on the National Direct Afternoon Hog Report, with a weighed average of $50.29. March corn is down 1 1/2 cents per bushel and March soybean meal is up $0.80. The Dow Jones Industrial Average is up 88.92 points and NASDAQ is up 63.47 points.