DTN Closing Livestock Comment 10/29 15:58
29 Oct 2021
DTN Closing Livestock Comment 10/29 15:58 Hogs Hustle Friday's Trade Heading into next week's trade, the cash cattle market is expected to demand higher prices once again. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Technically speaking, both the live cattle and feeder cattle contracts closed lower, which may seem like a damper for those markets. But in all actuality, with the fundamentals aligning in the cattle complex, the market seemed to have simply paused before next week where more upside is likely to be seen. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.82 with a weighted average of $61.70 on 7,471 head. December corn is up 5 1/2 cents per bushel, and December soybean meal is up $1.70. The Dow Jones Industrial Average is up 13.08 points, and the NASDAQ is up 2.24 points.