DTN Closing Livestock Comment 08/26 15:28
26 Aug 2019
DTN Closing Livestock Comment 08/26 15:28 Livestock Futures Up on Trade Hopes Livestock futures regained Friday's losses with buyers focusing on the potential that trade talks may move forward following last week's tariff announcements. Hog futures closed limit higher, sparking increased market volatility. By Rick Kment DTN Analyst GENERAL COMMENTS: Hog futures reacted Monday morning to an indication by President Trump that China is ready to move the trade talk process forward following Friday's announcement by both sides that tariff levels would be increased. This pushed October futures limit higher with triple-digit gains in most livestock contracts. Corn futures trickled higher in mixed trade through the day. December corn futures are 1/2 cents higher. Stock markets are higher in moderate trade. Dow Jones is 206 points higher with NASDAQ up 84 points.