DTN Closing Livestock Comment 02/01 15:40
Lower Tones Dominate Livestock Complex by Wednesday's Close
Heading into Thursday, be prepared for export data and on the lookout for
any developments in the cash market.
DTN Livestock Analyst
The livestock complex traded lower throughout much of Wednesday's market as
fears of what the Federal Reserve would do grew heavier on the market as the
day traded. Hog prices closed higher on the Daily Direct Afternoon Hog Report,
up $2.18 with a weighted average of $73.03 on 10,408 head. March corn is up 1
1/4 cents per bushel and March soybean meal is up $0.50. The Dow Jones
Industrial Average is up 7.94 points.
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