DTN Closing Livestock Comment 10/17 15:58
17 Oct 2022
DTN Closing Livestock Comment 10/17 15:58 Traders Lead the Livestock Contracts Higher Monday was a stellar day for the livestock complex as all three of the livestock markets closed higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday ended up being a pivotal day for the livestock complex as it sent all three of the livestock markets higher, and in an aggressive manner. The markets seem willing to keep with this supportive tone, but strong fundamental demand from the cash and meat markets will be essential to keep the contracts trading higher midweek. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.56 with a weighted average of $86.24 on 5,058 head. December corn is down 6 1/4 cents per bushel and December soybean meal is down $0.10. The Dow Jones Industrial Average is up 550.99 points.