DTN Closing Livestock Comment 11/18 15:46
18 Nov 2024
DTN Closing Livestock Comment 11/18 15:46 Traders Push Livestock Contracts Higher Again Moving into Tuesday's trade traders could be supportive of the livestock complex again but will likely grow less supportive of the contracts later this week if demand doesn't perk up. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: From a technical standpoint, the livestock complex performed well throughout the day as all three markets were able to close higher. Consumer demand will remain a key factor for the market this week as both boxed beef demand and pork cutout values have been lagging recently. December corn is up 5 1/4 cents per bushel and December soybean meal is up $0.70. The Dow Jones Industrial Average is down 55.39 points.