DTN Closing Livestock Comment 08/02 15:57
Support Aids Livestock Contracts Into Higher Close
Heading into Tuesday's trade, the livestock complex will hopefully continue
Monday's rally as strong consumer demand supports the market thoroughly.
DTN Livestock Analyst
Monday's trade was mostly optimistic as the futures complex closed higher
and both pork cutouts and boxed beef prices jumped higher as well. The feeder
cattle market continues to closely monitor Superior's Video Royale sale as a
lot of producers are making calls to market their calves. Hog prices closed
lower on the National Direct Afternoon Hog Report, down $0.70 with a weighted
average of $101.00 on 3,323 head. December corn is up 14 cents per bushel and
December soybean meal is up $5.70. The Dow Jones Industrial Average is down
97.31 points and NASDAQ is up 8.38 points.
For more free DTN information sent right to your email each morning - click here
to sign up for DTN Snapshot.