DTN Closing Livestock Comment 02/17 16:13
17 Feb 2021
DTN Closing Livestock Comment 02/17 16:13 Some Packing Plants Close Due to Insufficient Natural Gas The livestock contracts traded doggishly throughout Wednesday's trade, as freezing temperatures continue to plague the industry. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday's livestock marketplace was heavy as the burdens of this recent storm throw curve balls for the market to jump over. The livestock contracts were unable to gain the support necessarily from the technical side of the market, as trades looked at the marketplace and grew worrisome about the functionality throughout the countryside this week. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.01 with a weighted average of $68.55 on 13,750 head. March corn is up 3/4 cent per bushel and March soybean meal is up $3.30. The Dow Jones Industrial Average is up 90.27 points and NASDAQ is down 82.01 points.