DTN Closing Livestock Comment 11/09 16:09
9 Nov 2020
DTN Closing Livestock Comment 11/09 16:09 Cattle Contracts Find Ample Support Through Monday's Trade All three livestock markets rallied Monday, though cattle contracts stole most of the day's attention and trader interest. ShayLe Stewart DTN Livestock Analyst Monday's trade was exceptionally strong for cattle contracts, but there was ample support throughout all livestock markets. One of the big driving factors was the announcement that a company has found a COVID-19 vaccine that's supposedly 90% effective. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.68 with a weighted average of $60.93 on 5,170 head. December corn is up 3/4 cent per bushel and December soybean meal is up $1.70. The Dow Jones Industrial Average is up 834.57 points and NASDAQ is down 181.45 points.