DTN Closing Livestock Comment 07/06 16:15
Livestock Support Remained Through Closing
Livestock contracts were able to keep support through Monday's close as all
three markets rallied at the start of a new week.
DTN Livestock Analyst
As perplexing as it may be, all three livestock markets rallied through
Monday's closing. Cattle contracts closed with the biggest rally, but the
deferred lean hog contracts weren't all that far behind. Hog prices are
unavailable on the National Direct Afternoon Hog Report due to packer
submission problems. September corn is up 3 cents per bushel and December
soybean meal is up $1.80. The Dow Jones Industrial Average is up 459.67 points
and NASDAQ is up 226.02 points.
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