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DTN Closing Livestock Comment 01/12 16:19
Cattle Trade Higher But Remain Unwilling to Pressure the Market's Resistance
Heading into Tuesday's trade, hopefully the hog market will see more
interest from packers.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed as the cattle contracts closed
slightly higher, while the lean hog contracts again ended the day lower. New
showlists appear to be lower in all major feeding areas. March corn is down 24
1/4 cents per bushel and March soybean meal is down $5.40. The Dow Jones
Industrial Average is up 86.13 points and the NASDAQ is up 62.55 points.
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