DTN Closing Livestock Comment 07/21 15:37
Cattle Long for Increased Support While Hogs Keep Rallying
With strong consumer demand, the lean hog contracts continue to rally higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex again ended the day mixed, as traders continue to
yearn for better fundamental support in the cattle complex, while hog contracts
ended the day higher. Still no cash cattle trade has developed. December corn
is up 2 1/4 cents per bushel and December soybean meal is up $3.50. The Dow
Jones Industrial Average is up 385.38 points and the NASDAQ is up 329.14 points.
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