DTN Closing Livestock Comment 10/30 15:53
30 Oct 2023
DTN Closing Livestock Comment 10/30 15:53 Higher Close Monday Creates Market Confidence Livestock futures closed higher in all contract months through cattle and hog futures Monday as traders focused on adding to last week's late-week rally. Traders were not only focusing on the potential for additional technical support across the market but also on strength in meat and cash values to solidify a general firming market trend. Rick Kment DTN Analyst GENERAL COMMENTS: Livestock futures posted gains in all contract months through cattle and hog trade, but a late-day pullback was evident in most contracts. This caused most contracts to give up triple-digit gains seen at midday as buying support slowed through the end of the trading day.