DTN Closing Livestock Comment 02/25 16:14
25 Feb 2020
DTN Closing Livestock Comment 02/25 16:14 Lower Tones Creep Into the Cash Market The support that was flirting with cattle contracts around the noon hour Tuesday is long gone but the lean hog market was able to hold onto some positive trade through closing bell. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Another day and more position lost in the livestock complex as contracts are yet again painfully struck by the worry and uncertainty of the coronavirus. Hog prices closed higher again on the National Direct Afternoon Hog Report, up $0.89 with a weighted average of $49.60. March corn is up 1/4 cent per bushel and May soybean meal is up $1.00. The Dow Jones Industrial Average is down 879.44 points and NASDAQ is down 255.67 points.