DTN Closing Livestock Comment 07/15 16:03
Hogs Rally Above Resistance
The spot August lean hog contract was able to end the day above its
resistance threshold, as strong consumer demand continues to encourage traders.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The lean hog contracts ended higher, successfully closing above the
resistance threshold in the spot August contract. Meanwhile, the cattle
contracts ended the day lower as support simply isn't surfacing. December corn
is up 9 cents per bushel and December soybean meal is up $3.70. The Dow Jones
Industrial Average is up 150.37 points and the NASDAQ is up 162.22 points.
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