DTN Closing Livestock Comment 10/28 16:00
28 Oct 2019
DTN Closing Livestock Comment 10/28 16:00 Higher Prices in Livestock Contracts Look Towards All livestock contracts closed Monday higher, with the biggest surprise coming from the lean hog contract, which was not anticipated to be higher at all. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday's markets closed higher in all three livestock contracts, and most surprisingly, even in the lean hog market. Live cattle contracts were expected to close higher with the neutral Cattle on Feed report and robust boxed beef prices, but the lean hog market rallied to surprise many. Prices are lower on the National Direct Afternoon Hog Report, down $1.10 with a weighted average of $51.98. December corn is down 2 3/4 cents per bushel and December soybean meal is up $0.70. The Dow Jones Industrial Average is up 132.66 points and NASDAQ is up 82.87 points.