DTN Closing Livestock Comment 02/10 16:06
10 Feb 2022
DTN Closing Livestock Comment 02/10 16:06 Red Print Dominates Thursday's Close Thursday's trade started out strong, but the livestock contracts rounded out the day fully lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday served as a wild ride through the entire marketplace as both livestock and grain commodities were higher heading into the afternoon, but then took an abrupt turn and rounded out the day fully lower as traders looked to capture some profit-taking on overbought markets. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.87 with a weighted average of $82.64 on 4,027 head. March corn is down 5 cents per bushel and March soybean meal is down $7.90. The Dow Jones Industrial Average is down 526.47 points and NASDAQ is down 304.73 points.