DTN Closing Livestock Comment 10/05 16:07
5 Oct 2020
DTN Closing Livestock Comment 10/05 16:07 Support Develops in Livestock Arena Although the livestock markets were indecisive through Monday's early trade, support solidified as the afternoon progressed. ShayLe Stewart DTN Livestock Analyst Monday's trade was calm and simple, giving the livestock markets an opportunity to rally modestly without blasting the complex with anything overly drastic. As the markets head into Tuesday, strength remains a strong tone throughout the lean hog and cash cattle markets. Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.16 with a weighted average of $64.48 on 7,101 head. December corn is down 1/4 cent per bushel and December soybean meal is down $5.90. The Dow Jones Industrial Average is up 465.83 points and NASDAQ is up 257.46 points.