DTN Closing Livestock Comment 01/21 15:59
Traders Mildly Support Livestock Contracts through Wednesday
Although the livestock contracts closed higher Wednesday afternoon, it was a
fairly quiet day for the livestock complex.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mostly higher Wednesday afternoon as traders
continue to desire to see the contracts scale higher. The market hasn't seen
any fed cash cattle trade develop yet. March corn is down 2 cents per bushel
and March soybean meal is down $0.20. The Dow Jones Industrial Average is up
588.64 points and the NASDAQ is up 270.50 points.
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