DTN Closing Livestock Comment 02/14 16:05
Cattle Contracts Keep Momentum Friday
Livestock contracts closed mostly higher heading into the weekend.
By ShayLe Stewart
DTN Livestock Analyst
It was a big win for cattle contracts heading into the week on a higher
note, which will hopefully trickle into next week's trade, and not only bolster
futures prices, but the cash market too. Hog prices close the week higher on
the National Direct Afternoon Hog Report, up $0.92 with a weighted average of
$49.56. March corn is down 1 3/4 cents per bushel and March soybean meal is
down $0.80. The Dow Jones Industrial Average is down 25.23 points and NASDAQ is
up 19.21 points.
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