DTN Closing Livestock Comment 08/10 16:14
Livestock Contracts Take Monday Higher
The live cattle and lean hog contracts took Monday by storm and were able to
encourage the feeder cattle market into a higher close as well.
DTN Livestock Analyst
Livestock contracts mostly jumped at the opportunity to close higher. The
feeder cattle complex was leery early in the day but eventually mustered up
enough support to move the contracts higher. Hog prices closed higher on the
National Direct Afternoon Hog Report, up $0.24 with a weighted average of
$38.43 on 6,343 head. December corn is up 2 1/4 cents per bushel and December
soybean meal is up $2.80. The Dow Jones Industrial Average is up 357.96 points
and NASDAQ is down 42.62 points.
For more free DTN information sent right to your email each morning - click here
to sign up for DTN Snapshot.