DTN Closing Livestock Comment 07/28 16:12
28 Jul 2020
DTN Closing Livestock Comment 07/28 16:12 Stronger Undertones Encourage the Livestock Market Leaving Tuesday with positivity in all three markets leaves Wednesday with the potential to trade higher as well. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Tuesday shaped up to be a strong day for the livestock sector. All three markets were able to close with exciting drivers and look to Wednesday to further that movement. Cash hog prices closed just slightly lower on the National Direct Afternoon Hog Report, down $0.02 with a weighted average of $42.61 on another large volume of hogs traded -- 12,786 head sold. December corn is down 4 1/2 cents per bushel and December soybean meal is down $4.00. The Dow Jones Industrial Average is down 205.49 points and NASDAQ is down 134.18 points.