DTN Closing Livestock Comment 02/24 16:17
24 Feb 2020
DTN Closing Livestock Comment 02/24 16:17 Livestock Markets Dive Lower All three livestock contracts closed lower and show no sign of support building into Tuesday unless new develops about the coronavirus. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: As if Mondays weren't tough enough already, the news of the coronavirus spreading into South Korea and Japan panicked the market and sent livestock contracts lower -- limit lower in some cases. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.03 with a weighted average of $48.72. March corn is down 4 3/4 cents per bushel and May soybean meal is down $2.80. The Dow Jones Industrial Average is down 1,031.61 points and NASDAQ is down 355.31 points.