Farmers & Merchants State Bank of Pierz

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DTN Closing Livestock Comment 01/30 16:07
   Traders Let Livestock Markets Close Lower Friday Afternoon

   After trading anxiously throughout the day, traders should be able to
breathe easy on Monday, as Friday's Cattle Inventory report was bullish and fed
cash cattle prices were higher.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex closed mostly lower Friday afternoon as traders were
mindful of the decline in the equity markets and were anxious to see what was
going to be unveiled in Friday's Cattle Inventory report. Thankfully, both the
Cattle Inventory report and fed cash cattle prices were supportive to the
marketplace. March corn is down 2 1/2 cents per bushel and March soybean meal
is down $2.40. The Dow Jones Industrial Average is down 179.09 points and the
NASDAQ is down 223.30 points.

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