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DTN Closing Livestock Comment 01/14 16:00
   Nearby Pressure Looms Heavily Over Livestock Contracts

   Largely Thursday was a lower trading day where corn prices continued to
scale higher and traders have begun to question how involved they want to be.

ShayLe Stewart
DTN Livestock Analyst


   Thursday wasn't a favorable outcome to the livestock markets as most of the
complex traded lower and the cash markets continued to trade in their lower
manners. Some deferred live cattle contracts were able to sneak through the
day's close with moderate support, but the nearby contracts weren't able to
shake the market's lower woes. Hog prices closed lower on the National Direct
Afternoon Hog Report, down $0.50 with a weighted average of $53.98 on 7,185
head. March corn is up 9 3/4 cents per bushel and March soybean meal is up
$7.80. The Dow Jones Industrial Average is down 68.95 points and NASDAQ is down
16.31 points.
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