Font Size:

DTN Closing Livestock Comment 10/21 16:05


DTN Closing Livestock Comment 10/21 16:05
Mostly Higher Closes in the Livestock Sector

Live cattle and lean hog markets were able to make it through Monday without
giving up much ground while the feeder cattle market weakened slightly.

By ShayLe Stewart
DTN Livestock Analyst



GENERAL COMMENTS:

With news filtering around about the phase one trade agreement, another
packing plant being closed and the fall feeder run under full swing -- Monday
closed better than assumed. Hog prices are up on the National Direct Afternoon
Hog Report, up $0.24, with a weighted average of $56.94. December corn is down
3 3/4 cents per bushel and December soybean meal is down $0.80. The Dow Jones
Industrial Average is up 55.54 points and NASDAQ is up 73.45 points.