DTN Closing Livestock Comment 07/19 16:14
Hog Futures Lead Complex Higher
Active support pushed nearby contracts to triple-digit gains as a
combination of fundamental and technical support led late week rallies. This
broke through short-term resistance levels, setting month-long highs.
By Rick Kment
DTN Analyst
GENERAL COMMENTS:
From Friday to Friday, livestock futures scored the following changes: Aug
live cattle (LC) off $0.87 Oct LC off $1.47; Aug feeder cattle (FC) off $1.63
Sep FC off $2.75; Aug lean hogs (LH) up $3.22 Oct LH up $5.71
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