DTN Closing Livestock Comment 02/21 16:07
Livestock Contracts Close Lower Friday
With little support from the board, cash markets closed lower, and the board
dipped lower on Friday as well.
By ShayLe Stewart
DTN Livestock Analyst
Livestock markets closed lower as pressure took the steam out of the early
part of the week's rally. Hog prices closed slightly lower on the National
Direct Afternoon Hog Report, down $0.08 with a weighted average of $49.70.
March corn was down 1 1/2 cents per bushel, and March soybean meal was down
$3.70. The Dow Jones Industrial Average was down 227.57 points, and the NASDAQ
was down 174.37 points.
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