Market News

DTN Closing Livestock Comment 01/22 16:18


DTN Closing Livestock Comment 01/22 16:18
Unusual Livestock Wednesday

Cattle contracts aren't finding the light at the end of the tunnel Wednesday
afternoon, and since some fat cattle traded with some steady prices already, it
may be another week of holding.

By ShayLe Stewart
DTN Livestock Analyst



GENERAL COMMENTS:

Cattle contracts had an usual day trading some fat cattle as early as
Wednesday afternoon and the lean hog contracts made sure to take advantage of
Wednesday's opportunities. Hog prices are higher on the National Direct
Afternoon Hog Report, up $0.16 with a weighted average of $51.90. March corn is
up 1 1/4 cents per bushel and March soybean meal is down $1.20. The Dow Jones
Industrial Average is up 14.21 points and NASDAQ is up 14.87 points.