DTN Closing Livestock Comment 02/26 16:08
26 Feb 2020
DTN Closing Livestock Comment 02/26 16:08 Livestock Contracts Close Mostly Higher Wednesday Livestock contracts not only opened on a higher note Wednesday, but were able to keep the positive momentum through closing. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock contracts closed Wednesday with a breath of fresh air as most contracts were able to close higher. The lean hog and feeder cattle contracts closed higher with no problem at all, but the live cattle market is on steeper climb as the markets not only faced pressure from the coronavirus but also weaker cash cattle prices. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.42 with a weighted average of $50.02. March corn is down 2 cents per bushel and May soybean meal is up $5.30. The Dow Jones Industrial Average is down 123.77 points and NASDAQ is up 15.16 points.