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DTN Closing Livestock Comment 01/09 16:07
Friday Leads Livestock Complex to a Softer End
At the time of this writing, still no Southern cash cattle had traded,
although bids were on the table.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex didn't see much action throughout Friday's trade as
there had yet to be cattle traded in the South, and most of the livestock
contracts closed lower. If packers don't buy cattle in the South later this
afternoon, next week's market could be interesting to watch as prices may need
to be notably higher. March corn is down 1/4 cent per bushel and March soybean
meal is up $0.10. The Dow Jones Industrial Average is up 237.96 points and the
NASDAQ is up 191.33 points.
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