DTN Closing Livestock Comment 07/20 16:10
20 Jul 2020
DTN Closing Livestock Comment 07/20 16:10 Lower Closes Throughout the Livestock Complex Livestock contracts scale lower; substantial support lacked in growing interest. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Prices scaled lower throughout Monday's trade, as traders were incredibly quiet and none of the contracts could rally support even if they wanted to. Live cattle contracts fared the best throughout the day, and thankfully the feeder cattle that traded through Monday weren't affected by the board's lower tone. Hog prices were higher on the National Direct Afternoon Hog Report, up $0.13 with a weighted average of $31.66 on 8,289 head. December corn is down 4 cents per bushel and December soybean meal is up $2.80. The Dow Jones Industrial Average is up 8.92 points and NASDAQ is up 263.90 points.