DTN Closing Livestock Comment 07/15 16:20
Cattle Contracts Jumped Higher
Heading into the second half of the week, cattle contracts have been
motivated to press higher. Producers are hoping the complex won't simply give
it all away.
DTN Livestock Analyst
Wednesday was a rallying day for cattle contracts and treated feeder cattle
prices extremely well. The lean hog complex struggled a little because traders
seemed uninterested. Hog prices closed higher on the National Direct Afternoon
Hog Report, up $0.38 with a weighted average of $31.40 on 8,743 head. December
corn is up 1/4 cent per bushel and December soybean meal is up $1.10. The Dow
Jones Industrial Average is up 227.51 points and NASDAQ is up 61.91 points.
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