DTN Closing Livestock Comment 01/15 16:15
Livestock Contracts Defend Their Positions Through Friday's Close
It was a week filled with stout pressure but come Friday's trade the
livestock contracts were met with support that ultimately carried through the
DTN Livestock Analyst
After a tough week, the livestock contracts were granted renewed support and
largely were able to close higher before the long weekend. Hog prices closed
lower on the National Direct Afternoon Hog Report, down $1.26 with a weighted
average of $52.72 on 4,923 head. March corn is down 2 3/4 cents per bushel and
March soybean meal is down $1.70. The Dow Jones Industrial Average is down
177.26 points and NASDAQ is down 114.14 points.
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