DTN Closing Livestock Comment 10/22 16:11
Uncertainty Pushes the Livestock Market Lower
Thursday kept with the week's lower-trending mindset and left all three
livestock markets to close lower.
DTN Livestock Analyst
It's been a painful week for the livestock contracts as the market dips
lower from a lack of technical support. The lean hog market has been supported
by stellar domestic port demand, but support for the cattle market is thin. Hog
prices closed lower on the National Direct Afternoon Hog Report, down $2.76
with a weighted average of $60.57 on 6,801 head. December corn is up 2 1/2
cents per bushel and December soybean meal is up $3.60. The Dow Jones
Industrial Average is up 152.84 points and NASDAQ is up 21.31 points.
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