DTN Closing Livestock Comment 08/03 16:00
Livestock Contracts Keep Technical Support Through Closing Tuesday
The livestock contracts were able to close higher again Tuesday afternoon,
but the market's biggest gains were undoubtedly seen in the boxed beef market.
DTN Livestock Analyst
It was a good day for the livestock complex as the futures contracts
continued with Monday's rally. The boxed beef market continues to see robust
gains as demand is truly exceptional, but Tuesday's pork cutout value closed
lower, with ham prices seeing the steepest regression. Hog prices closed lower
on the National Direct Afternoon Hog Report, down $0.60 with a weighted average
of $100.40 on 5,841 head. December corn is down 7 1/2 cents per bushel and
December soybean meal is down $9.90.
For more free DTN information sent right to your email each morning - click here
to sign up for DTN Snapshot.