DTN Closing Livestock Comment 10/15 16:11
15 Oct 2019
DTN Closing Livestock Comment 10/15 16:11 Livestock Futures Close Stronger Than Expected Tuesday's close was better than what was expected around the noon hour; cattle prices rebounded modestly in some contracts all while hog issues surged higher. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Tuesday's cattle futures opened higher, fell lower and then picked up right before closing higher in most contracts. Lean hog markets had a huge day with significant price gains and aggressive slaughter. Hog prices are higher on the National Direct Afternoon Hog Report, up $1.08 with a weighted average of $59.24. December corn is down 4 1/2 cents per bushel and December soybean meal is down $3.10. The Dow Jones Industrial Average is up 236.90 points and NASDAQ is up 100.05 points.