DTN Closing Livestock Comment 11/08 16:09
8 Nov 2021
DTN Closing Livestock Comment 11/08 16:09 Cattle Contracts Yearn for More Monday The livestock complex closed mixed with the cattle contracts rallying again throughout Monday's trade, but the lean hog market is still trading indecisively. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday came with the rallying support that last week carried and helped push the cattle contracts higher again. Meanwhile, the lean hog market closed with weaker undertones fundamentally while the futures market trended sideways. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.87 with a weighted average of $59.03 on 6,744 head. December corn is down 1 1/2 cents per bushel and December soybean meal is down $0.90. The Dow Jones Industrial Average is up 104.27 points and NASDAQ is up 10.77 points.