DTN Closing Livestock Comment 10/03 16:16
Livestock See Support Through Closing Monday
It was a stimulating day for the livestock complex as the contracts closed
higher, which was needed for the market's overall morale.
DTN Livestock Analyst
It was a refreshing day for the livestock complex as the market kept its
steam through closing and saw higher closes for pork and beef too. Heading into
Tuesday's market, feeders will be closely watching the corn complex and
feedlots will be looking for packer interest to potentially develop. Hog prices
closed lower on the Daily Direct Afternoon Hog Report, down $2.41 with a
weighted average of $82.67 on 3,150 head. December corn is up 3 1/4 cents per
bushel and December soybean meal is up $2.30. The Dow Jones Industrial Average
is up 765.38 points.
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