DTN Closing Livestock Comment 10/11 16:10
Trade Talks Cause Excitement in Livestock Markets
Friday's market closed higher thanks to the momentum and eagerness of a
trade deal being put in place.
By ShayLe Stewart
DTN Livestock Analyst
Though no plausible sources can confirm what deals are exactly being made,
rumors continue to run rapid that conversations with China are going especially
well. Hog prices are up $0.69 on the National Direct Afternoon Hog Report, with
a weighted average of $56.27. December corn is up 17 1/2 cents per bushel and
December soybean meal is up $3.00. The Dow Jones Industrial Average is up
307.54 points and NASDAQ is up 104.14 points. From Friday to Friday livestock
futures scored the following changes: October live cattle up $2.10, December
live cattle up $1.38, October feeder cattle up $2.13, November feeder cattle up
$2.88; October lean hogs up $0.53 and December lean hogs up $2.35.
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