Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Closing Livestock Comment 02/03 15:36
   Higher Tones Dominate the Livestock Complex Friday

   Friday wasn't a gloomy day for the livestock complex as the futures market
closed higher and Northern live cattle traded $2.00 stronger.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS

   It was an extremely positive day for the livestock complex as the futures
market saw higher closes and began to see a light trade develop in the North
for $2.00 higher in the cash market. Currently, cattle have still not sold in
the South and, unless trade happens later Friday, feedlots could be looking at
rolling over cattle, which consequently means that packers got very few bought
this week. Hog prices closed lower on the Daily Direct Afternoon Hog Report,
down $0.28 with a weighted average of $72.65 on 5,407 head. March corn is up 2
1/4 cents per bushel and March soybean meal is up $4.70. The Dow Jones
Industrial Average is down 138.36 points.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN