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DTN Closing Livestock Comment 01/25 16:06
Livestock Contracts Secure Gains Through Closing
There was fear that, with both live cattle and feeder cattle being able to
trade into their expanded limits, the day could face some volatility, but
thankfully, Monday only brought moderate gains.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Monday ended up treating the livestock contracts far better than anticipated
as the contracts were able to close mostly higher. The snowstorm that is moving
across the nation's feeding regions could push this week's cash cattle trade
into waiting until later in the week, which would help feedlots entice packers
into pay more. Hog prices closed lower on the National Direct Afternoon Hog
Report, down $0.16 with a weighted average of $55.30 on 6,373 head. March corn
is up 11 cents per bushel and March soybean meal is up $8.00. The Dow Jones
Industrial Average is down 36.98 points and NASDAQ is up 92.93 points.
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