DTN Closing Livestock Comment 08/19 16:11
19 Aug 2020
DTN Closing Livestock Comment 08/19 16:11 Livestock Contracts Close Stronger Wednesday Heading into the later part of the week, the market is ready to trade higher if the opportunity allows and support develops, but it's cautious at some upper levels due to resistance. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a good day for the livestock sector as the board closed higher, cash hog prices jumped considerably higher and boxed beef prices keep scaling stronger. Hog prices closed sharply higher on the National Direct Afternoon Hog Report, up $1.24 with a weighted average of $38.89 on 4,553 head. December corn is down 2 cents per bushel and December soybean meal is down $0.50. The Dow Jones Industrial Average is down 85.19 points and NASDAQ is down 64.38 points.