DTN Closing Livestock Comment 07/26 16:11
26 Jul 2021
DTN Closing Livestock Comment 07/26 16:11 Go Time Heading into Tuesday's trade the cattle contracts will be eager to continue their upward quest after a rather challenging first half of 2021. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a busy Monday throughout the futures complex as the cattle contracts jumped into the new week ready to blaze new trails and demand trader interest. Early in the day, the lean hog contracts weren't able to summon any support, but as the market closed and fundamental backing shined through, the nearby contracts closed higher. Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.40 with a weighted average of $105.99 on 7,560 head. December corn is up 3 3/4 cents per bushel and December soybean meal is down $1.10. The Dow Jones Industrial Average is up 82.76 points and NASDAQ is up 3.72 points.