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DTN Closing Livestock Comment 01/26 15:58
Traders Willingly Push the Livestock Contracts Higher
With excitement noted throughout the livestock complex as cash cattle demand
is strong and so is consumer demand for pork, the livestock complex all closed
higher Monday afternoon.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mostly higher Monday afternoon as traders are
pleased with the fundamental support that the market has been seeing. New
showlists appear to be mixed, higher in Texas, but lower in Kansas, and
Nebraska/Colorado. March corn is down 2 1/4 cents per bushel and March soybean
meal is down $5.60. The Dow Jones Industrial Average is up 313.69 points and
the NASDAQ is up 100.12 points.
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