DTN Closing Livestock Comment 11/27 15:44
Livestock Contracts Fade Lower Into the Weekend
Friday slowly rolled to a close and, although the contracts all closed
lower, substantial gains were secured earlier in the week.
DTN Livestock Analyst
It was a good week for the livestock contracts as steady gains were achieved
early in the week and Friday's weaker close didn't deteriorate too much of the
market's position. Hog prices were lower on the National Direct Afternoon Hog
Report, down $0.48 with a weighted average of $56.73 on 5,444 head. March corn
is up 6 1/4 cents per bushel and January soybean meal is up $0.40. The Dow
Jones Industrial Average is up 37.90 points and NASDAQ is up 111.45 points.
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