DTN Closing Livestock Comment 07/27 16:16
27 Jul 2020
DTN Closing Livestock Comment 07/27 16:16 Lower and Lackadaisical Monday in Livestock Complex The livestock complex wasn't ambitious Monday afternoon, which led to a lower close in all three markets. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Other than the excitement in cash hog trade, Monday was lackadaisical and relaxed. All three livestock markets closed mostly lower and cash cattle trade has yet to develop. Hog prices closed exceptionally stronger, up $4.76 on the National Direct Afternoon Hog Report, equating to a weighted average of $42.65 on 16,847 head. December corn is down 1/2 cent per bushel and December soybean meal is up $2.90. The Dow Jones Industrial Average is up 114.88 points and NASDAQ is up 173.09 points.