Livestock Contracts Close Mostly Higher
All three livestock markets secure higher prices through Monday’s close.
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.