DTN Closing Livestock Comment 01/26 16:10
Cash Cattle Steady in the North, Yet to Trade in the South
Come Friday, all livestock enthusiasts will be watching the cash cattle
market to see how Southern prices fare and to see if Northern prices get any
DTN Livestock Analyst
It was mostly a strong day for the livestock complex as the cash cattle
market has only partially traded and with the lean hog complex able to see its
futures contracts close higher amid strong pork cutout values. The feeder
cattle contracts closed lower as corn prices were higher, but cattlemen did
duly note the strong tone in the cash market given that prices in the North
held steady. Hog prices closed lower on the Daily Direct Afternoon Hog Report,
down $1.70 with a weighted average of $70.57 on 4,933 head. March corn is up 7
3/4 cents per bushel and March soybean meal is up $11.60. The Dow Jones
Industrial Average is up 205.57 points.
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