DTN Closing Livestock Comment 11/18 16:09
Livestock Contracts Close Mixed
Monday closed the day largely the same as it opened: lean hog contracts down
and cattle contracts up.
By ShayLe Stewart
DTN Livestock Analyst
Monday came and welcomed the week as most would have expected -- lean hog
contracts being lower and live cattle contracts being timid, but the surprise
keeps coming from the feeder cattle contracts. Though feeder cattle contracts
couldn't keep all of the day's rally, feeder cattle contracts were by far the
most ambitious for the day. Prices are lower on the National Direct Afternoon
Hog Report, down $0.10 with a weighted average of $42.15. December corn is down
3 1/2 cents per bushel and December soybean meal is down $5.90. The Dow Jones
Industrial Average is up 31.33 points and NASDAQ is up 9.11 points.
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