DTN Closing Livestock Comment 10/07 16:04
7 Oct 2024
DTN Closing Livestock Comment 10/07 16:04 Strong Demand Helps Keep the Livestock Contracts Elevated Through Monday's Close All three of the livestock contracts were able to close higher Monday afternoon as traders were well supported by strong consumer demand. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex started the week out on a strong note as all three of the markets closed mostly higher Monday afternoon. Again this week demand will play a key role in the market's direction as traders are looking for fundamental support in order to justify trading the contracts any higher as they're up against resistance pressure. December corn is up 1 1/4 cents per bushel and December soybean meal is down $6.50. The Dow Jones Industrial Average is down 398.51 points.