DTN Closing Livestock Comment 01/27 16:02
Livestock Contracts Dive Lower in Fear of Coronavirus
Livestock contracts plummet lower and hit limit losses in a handful of
contracts as worry about what the effects of the coronavirus will be.
By ShayLe Stewart
DTN Livestock Analyst
Few answers surface about the coronavirus, which leave the entire
marketplace up in the air and vulnerable to its roar. The worrisome part of the
situation is that no one knows how vast the virus will spread or how
detrimental its wake will be. Once officials have more understanding of the
outbreak, reassurance should surface, but at this time little knowledge of the
virus is known. Hog prices close higher on the National Direct Afternoon Hog
Report, up $1.16 with a weighted average of $53.86. March corn is down 6 3/4
cents per bushel and March soybean meal is down $0.50. The Dow Jones Industrial
Average is down 453.93 points and NASDAQ is down 175.60 points.
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