DTN Closing Livestock Comment 10/21 16:05
21 Oct 2019
DTN Closing Livestock Comment 10/21 16:05 Mostly Higher Closes in the Livestock Sector Live cattle and lean hog markets were able to make it through Monday without giving up much ground while the feeder cattle market weakened slightly. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: With news filtering around about the phase one trade agreement, another packing plant being closed and the fall feeder run under full swing -- Monday closed better than assumed. Hog prices are up on the National Direct Afternoon Hog Report, up $0.24, with a weighted average of $56.94. December corn is down 3 3/4 cents per bushel and December soybean meal is down $0.80. The Dow Jones Industrial Average is up 55.54 points and NASDAQ is up 73.45 points.