DTN Closing Livestock Comment 02/11 15:24
Cattle Rally While Hogs Continue to Scale Lower
Still no cash cattle trade has developed, but packer interest could improve
on Thursday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed on opposite ends, with the cattle complex
receiving additional technical support that drove the cattle contracts higher,
but the lean hog complex continued to drift lower through the day's end. March
corn is down 1 1/4 cents per bushel and March soybean meal is up $2.20. The Dow
Jones Industrial Average is down 66.74 points and the NASDAQ is down 36.00
points.
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