DTN Closing Livestock Comment 11/02 15:58
2 Nov 2020
DTN Closing Livestock Comment 11/02 15:58 Cattle Contracts Secured Mild Profits Monday Cattle contracts closed slightly higher, but the resistance levels in the lean hog market kept hog prices scaling lower. ShayLe Stewart DTN Livestock Analyst Monday was mostly lackadaisical in its trade as the market is anxiously waiting Tuesday's election to hopefully answer some questions moving forward. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.31 with a weighted average of $61.35 on 6,857 head. December corn is down 1 cent per bushel and December soybean meal is down $3.50. The Dow Jones Industrial Average is up 423.45 points and NASDAQ is up 46.02 points.