DTN Closing Livestock Comment 10/26 16:05
Livestock Contracts Close Mostly Higher
All three livestock markets secure higher prices through Monday's close.
DTN Livestock Analyst
Following last week's brutal trade throughout the livestock complex, it was
a pleasure seeing all three markets close mostly higher, even it was just for
minor gains. Traders seemed slightly more willing to dabble in the livestock
contracts, which helped to keep Monday's trade elevated through closing. Hog
prices closed higher on the National Direct Afternoon Hog Report, up $3.59 with
a weighted average of $62.30 on 5,008 head. December corn is down 1 1/2 cents
per bushel and December soybean meal is up $3.20. The Dow Jones Industrial
Average is down 650.19 points and NASDAQ is down 189.34 points.
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