DTN Closing Livestock Comment 01/14 16:00
14 Jan 2021
DTN Closing Livestock Comment 01/14 16:00 Nearby Pressure Looms Heavily Over Livestock Contracts Largely Thursday was a lower trading day where corn prices continued to scale higher and traders have begun to question how involved they want to be. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday wasn't a favorable outcome to the livestock markets as most of the complex traded lower and the cash markets continued to trade in their lower manners. Some deferred live cattle contracts were able to sneak through the day's close with moderate support, but the nearby contracts weren't able to shake the market's lower woes. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.50 with a weighted average of $53.98 on 7,185 head. March corn is up 9 3/4 cents per bushel and March soybean meal is up $7.80. The Dow Jones Industrial Average is down 68.95 points and NASDAQ is down 16.31 points.