DTN Livestock Closing: Clinging to Support at Close

Photo: Blair Fannin, Texas AgriLife Extension

Monday was a strong day for the livestock contracts as all three markets closed higher with traders being willing to jump into the marketplace.

GENERAL COMMENTS:

It was a prosperous Monday for livestock contracts as support was willing to move all three markets higher and the day closed substantially stronger in the feeder cattle market. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.50 with a weighted average of $58.33 on 8,012 head. December corn is up 3 1/4 cents per bushel and December soybean meal is up $0.20. The Dow Jones Industrial Average is up 361.86 points and NASDAQ is up 38.41 points.

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