DTN Closing Livestock Comment 01/14 16:05
14 Jan 2020
DTN Closing Livestock Comment 01/14 16:05 Thank You Tuesday As another day comes to an end, livestock producers feel good about Tuesday's progress as pork producers had an excellent day and the cattle market closed mixed. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Protein (real protein) is in high demand as both beef and pork markets see steadily higher retail values. This comes as a two-fold win as producers are reassured that their products are being sought after and helping pad packer's pockets, which could sequentially trickle into the cash markets. Wednesday is the big day for the phase one trade agreement, and we all look forward to seeing the agreements fine details and understanding the market's opportunities with export markets. Hog prices are almost a dollar higher, up $0.97 with a weighted average of $51.56. March corn is down 1/2 cent per bushel and March soybean meal is down $1.80. The Dow Jones Industrial Average is up 31.81 points and NASDAQ is down 22.60 points.