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
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.
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