DTN Livestock Closing: Cattle Contracts Secure Mild Profits

Photo: Blair Fannin, Texas AgriLife Extension

Cattle contracts closed slightly higher, but the resistance levels in the lean hog market kept hog prices scaling lower.

Monday was mostly lackadaisical in its trade as the market is anxiously waiting Tuesday’s election to hopefully answer some questions moving forward. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.31 with a weighted average of $61.35 on 6,857 head. December corn is down 1 cent per bushel and December soybean meal is down $3.50. The Dow Jones Industrial Average is up 423.45 points and NASDAQ is up 46.02 points.

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