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DTN Closing Livestock Comment 02/10 15:30
Cattle Close Higher, Hogs Dip Lower
It was a mixed day for the livestock complex as the cattle contracts
successfully closed higher, but the hog complex ran into some resistance
pressure.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
For the cattle complex, it was a pleasing day as the contracts were well
supported through Monday's close, but the lean hog complex traded anxiously as
traders weren't willing to take on the market's resistance at $92.00. New
showlists appear to be higher in all major feeding areas this week. March corn
is up 4 cents per bushel and March soybean meal is down $0.90. The Dow Jones
Industrial Average is up 165.42 points. .
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