DTN Closing Livestock Comment 07/13 16:17
13 Jul 2021
DTN Closing Livestock Comment 07/13 16:17 Livestock Contracts Were busy Tuesday Speaking in terms of the cattle complex, live cattle led the way and allowed for the feeder cattle contracts to close higher as well. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a busy day for the livestock complex as nearly the entire market closed higher. The biggest surprise was seen in the live cattle market where support came to fruition and allowed the feeder cattle contracts to rally as well. Hog prices closed sharply higher on the National Direct Afternoon Hog Report, up $4.56 with a weighted average of $112.30 on 7,048 head. December corn is up 7 3/4 cents per bushel and December soybean meal is down $2.50. The Dow Jones Industrial Average is down 107.39 points and NASDAQ is down 55.59 points.