DTN Closing Livestock Comment 06/29 16:11
29 Jun 2020
DTN Closing Livestock Comment 06/29 16:11 Livestock Contracts Close Surprisingly Higher Even though the complex is trading into a shortened holiday week, all three livestock futures markets traded higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday was better than initially assumed as all three livestock futures markets were able to close the day stronger. Holiday weeks are typically problematic as trade is off-balanced and traders are usually checked out for a long weekend with little interest in really moving the market. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.18 with a weighted average of $28.48 on 6,201 head. July corn is up 9 1/4 cents per bushel and July soybean meal is down $1.60. The Dow Jones Industrial Average is up 580.25 points and NASDAQ is up 116.93 points.