DTN Closing Livestock Comment 01/26 16:05
26 Jan 2024
DTN Closing Livestock Comment 01/26 16:05 Stronger Tones Keep Livestock Higher through Friday's End The livestock complex ran through Friday's end with higher prices seen across the board. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: What a week it was for the livestock complex! Gains were seen consistently throughout all three of the livestock contracts but the biggest contributing factor to the contracts' upward run was demand. Boxed beef prices were well supported this past week and pork cutout values traded higher too with the hope that more international demand picks up. Hog prices closed higher on the Daily Direct Afternoon Hog report, up $1.64 with a weighted average price of $56.27 on 3,058 head. March corn is down 5 1/2 cents per bushel and March soybean meal is down $9.20. The Dow Jones Industrial Average is up 60.30 points.