DTN Closing Livestock Comment 10/31 16:08
31 Oct 2019
DTN Closing Livestock Comment 10/31 16:08 What Are You Doin' Livestock Contracts? Thursday's livestock contracts closed in a peculiar manner: hog contracts up, feeder cattle contracts closed on the upper end of Wednesday's rally and live cattle struggled the most. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: At noon, we told Annie to bar the door, but maybe we should have let her keep it open so the market could figure itself out. Of all things, the hog market that is lacking export opportunities has too much supply, and that now has the rest of the trade sector worried too because Chinese officials are expressing doubts about reaching a deal with the U.S.