DTN Closing Livestock Comment 07/26 16:11
Heading into Tuesday's trade the cattle contracts will be eager to continue
their upward quest after a rather challenging first half of 2021.
DTN Livestock Analyst
It was a busy Monday throughout the futures complex as the cattle contracts
jumped into the new week ready to blaze new trails and demand trader interest.
Early in the day, the lean hog contracts weren't able to summon any support,
but as the market closed and fundamental backing shined through, the nearby
contracts closed higher. Hog prices closed higher on the National Direct
Afternoon Hog Report, up $1.40 with a weighted average of $105.99 on 7,560
head. December corn is up 3 3/4 cents per bushel and December soybean meal is
down $1.10. The Dow Jones Industrial Average is up 82.76 points and NASDAQ is
up 3.72 points.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot