DTN Closing Livestock Comment 01/15 15:49
Light Movement in the South Noted at $201 for Live Cattle
Heading into Thursday's market be on the lookout for the morning's export
report and more developments in the cash cattle market.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a fruitful day for the livestock complex as all three markets saw
their contracts close mostly higher, the cash cattle market saw a thin movement
of cattle trade in the South for steady to $1.00 higher and packers were
aggressive in this afternoon's cash hog market. Asking prices in the South
remain firm at $201 to $205 but are still not established in the North. March
corn is up 4 1/4 cents per bushel and March soybean meal is down $3.80. The Dow
Jones Industrial Average is up 703.27 points.
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