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DTN Closing Livestock Comment 02/19 15:47


DTN Closing Livestock Comment 02/19 15:47
Onward and Forward to Higher Prices

Livestock contracts close mostly higher as support continues to build and
demand drives the pork and beef industries.

By ShayLe Stewart
DTN Livestock Analyst



GENERAL COMMENTS:

Another strong close for the livestock complex as all three sectors were
able to close higher and are sitting in a fine position to end the week fully
higher as well. Seeing that Wednesday has come and gone, and cash cattle
interest is building, everyone starts to eye higher prices for fat cattle this
week too. Cash hog prices are higher on the National Direct Afternoon Hog
Report, up $0.19 with a weighted average of $49.83. March corn is down 2 1/2
cents per bushel and March soybean meal is up $0.80. The Dow Jones Industrial
Average is up 115.84 points and NASDAQ is up 84.44 points.