DTN Closing Livestock Comment 01/17 15:34
Mixed Tones Leave Livestock Complex Lackadaisical on Friday
Heading into next week's market know that on Friday, Jan. 24 there will be a
Cold Storage report and the monthly Cattle on Feed report released.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a mixed day for the livestock complex as the contracts were mostly
pressured although some of the nearby live cattle and feeder cattle contracts
were able to hold their slightly higher position through the day's end. A
little bit of clean-up trade developed in the cash market, but prices remained
steady with the trends set earlier in the week. March corn is up 9 3/4 cents
per bushel and March soybean meal is up $2.80. The Dow Jones Industrial Average
is up 334.70 points.
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