DTN Closing Livestock Comment 01/17 16:12
Leaving on a Positive Note
As the market prepares for a three-day weekend, it's positive to see two out
of the three livestock contracts trading higher.
By ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
If there is a take away that the market can learn from this week, it is that
it's wise to not bolster the market with sheer hopefulness and anticipation
until the fine details are printed and clear. Thankfully the market seems to be
coming around after Thursday's beatdown and is trading higher in both the lean
hog and live cattle markets. Hog prices are lower on the National Direct
Afternoon Hog Report, down $0.43 with a weighted average of $50.79. March corn
is up 13 3/4 cents per bushel and March soybean meal is down $0.00. The Dow
Jones Industrial Average is up 50.46 points and NASDAQ is up 31.81 points.
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