DTN Closing Livestock Comment 11/05 16:09
5 Nov 2020
DTN Closing Livestock Comment 11/05 16:09 Support Builds for Live Cattle & Lean Hogs Thursday gave part of the livestock complex an opportunity to secure profits, and the live cattle and lean hog markets didn't waste time in doing so. ShayLe Stewart DTN Livestock Analyst Thursday did not disappoint the live cattle or lean hog markets as both were able to close higher and see gains throughout the retail sector. Meanwhile, the feeder cattle complex dipped lower upon seeing corn prices higher. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.29 with weighted average of $61.28 on 5,167 head. December corn is up 4 cents per bushel and December soybean meal is up $2.10. The Dow Jones Industrial Average is up 542.52 points and NASDAQ is up 300.15 points.