Farmers Livestock Marketing Services
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DTN Closing Livestock Comment 01/16 15:58
Technical Weakness Overcame the Livestock Complex on Thursday
A thin movement of dressed cattle trade developed at $322 which is $2.00
lower than last week's weighted average.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended Thursday's market fully lower. More than
anything a slight technical weakness seemed to draw the contracts lower. A
light movement of dressed cattle sales was noted at $322 which is $2.00 higher
than last week's weighted average. March corn is down 4 1/4 cents per bushel
and March soybean meal is down $7.60. The Dow Jones Industrial Average is down
68.42 points.
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