DTN Closing Livestock Comment 08/12 16:02
Quiet Close Following Week of Fireworks for Livestock Markets
Heading into Monday, it's likely the livestock complex scouts the market for
renewed support and then attempts to either maintain these levels or pushes for
DTN Livestock Analyst
The livestock complex closed mostly lower as traders waived their white flag
heading into Friday's market, seeming to be exhausted after running the
contracts higher earlier in the week. Hog prices closed higher on the Daily
Direct Afternoon Hog Report, up $2.32 with a weighted average of $123.69 on
6,089 head. December corn is up 14 1/2 cents per bushel and December soybean
meal is up $5.50. The Dow Jones Industrial Average is up 424.38 points.
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