DTN Closing Livestock Comment 02/24 16:17

DTN Closing Livestock Comment 02/24 16:17
   Livestock Markets Dive Lower

   All three livestock contracts closed lower and show no sign of support
building into Tuesday unless new develops about the coronavirus.

By ShayLe Stewart
DTN Livestock Analyst


   As if Mondays weren't tough enough already, the news of the coronavirus
spreading into South Korea and Japan panicked the market and sent livestock
contracts lower -- limit lower in some cases. Hog prices closed lower on the
National Direct Afternoon Hog Report, down $1.03 with a weighted average of
$48.72. March corn is down 4 3/4 cents per bushel and May soybean meal is down
$2.80. The Dow Jones Industrial Average is down 1,031.61 points and NASDAQ is
down 355.31 points.

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