DTN Closing Livestock Comment 11/06 16:12
6 Nov 2019
DTN Closing Livestock Comment 11/06 16:12 Livestock Contracts Close Lower Wednesday The livestock complex was pressured enough by simple midweek weakness, but hearing that China has reached a deal to buy $100 million worth of pork for the 2020 calendar year from European pork producers put U.S. hog producers in a bind. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Remember that uncle we talked about a while ago? The man who couldn't function when things went right, so he fell off the wagon and started drinking again? Well, the wagon may have gotten bigger and more of the market jumped on. And to boot, there's nothing like hearing that China has reached a deal to buy $100 million worth of pork for the 2020 calendar year to sour your day.