DTN Closing Livestock Comment 07/15 16:20
15 Jul 2020
DTN Closing Livestock Comment 07/15 16:20 Cattle Contracts Jumped Higher Heading into the second half of the week, cattle contracts have been motivated to press higher. Producers are hoping the complex won't simply give it all away. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday was a rallying day for cattle contracts and treated feeder cattle prices extremely well. The lean hog complex struggled a little because traders seemed uninterested. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.38 with a weighted average of $31.40 on 8,743 head. December corn is up 1/4 cent per bushel and December soybean meal is up $1.10. The Dow Jones Industrial Average is up 227.51 points and NASDAQ is up 61.91 points.