DTN Closing Livestock Comment 10/29 16:01
29 Oct 2019
DTN Closing Livestock Comment 10/29 16:01 Livestock Markets Don't Seem to Like Tuesdays Tuesday came and Tuesday went, and the livestock markets traded here and there: live cattle mixed, feeder cattle mildly lower and lean hog contracts lower by quite a bit. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: When it comes down to it, livestock markets typically don't perform well on Tuesdays, just like most of the workforce dreads Mondays. Tuesday's market didn't squander all of Monday's gains in the live cattle and feeder cattle markets, but the lean hog sector did struggle. Prices are down on the National Direct Afternoon Hog Report, down $0.48 with a weighted average of $51.12. December corn is up 2 1/4 cents per bushel and December soybean meal is down $1.00. The Dow Jones Industrial Average is down 19.30 points and NASDAQ is down 49.14 points.