DTN Closing Livestock Comment 10/20 16:09
20 Oct 2020
DTN Closing Livestock Comment 10/20 16:09 Cattle Complex Attracts Some Support Thankfully, as Tuesday rolled into the afternoon, the cattle complex attracted some traders and closed higher following Monday's regression. ShayLe Stewart DTN Livestock Analyst Tuesday's afternoon allowed traders the opportunity to jump back into the marketplace and support the cattle contracts, but the same can't be said for the lean hog market. Cattle contracts rallied into the day's close while the lean hog market endured some pressure. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.58 with a weighted average of $62.31 on 10,884 head. December corn is up 3 1/2 cents per bushel and December soybean meal is down $1.30. The Dow Jones Industrial Average is up 113.37 points and NASDAQ is up 37.61 points.