DTN Closing Livestock Comment 10/18 16:04
Minor Correction for Livestock Friday
Friday's close was more gracious than the noon hour assumed. Though all
livestock contracts closed lower than their initial open, the markets were able
to muster up some lost support and close on only a modest correction.
By ShayLe Stewart
DTN Livestock Analyst
Welcoming a soft correction, livestock markets closed lower. Hog prices are
lower on the National Direct Afternoon Hog Report, down $0.94 with a weighted
average of $56.86. December corn is down 3 3/4 cents per bushel and December
soybean meal is up $1.70. The Dow Jones Industrial Average is down 255.68
points and NASDAQ is down 67.31 points. From Friday to Friday livestock futures
scored the following changes: October live cattle up $1.03, December live
cattle up $1.47; October feeder cattle down $0.60, November feeder cattle down
$1.40; December lean hogs down $1.65 and February lean hogs up $0.43
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