DTN Livestock Close: Late-Day Buying Pushes Hog Prices Higher

Photo: Soybean Checkoff

Volatility swept through hog futures over the last couple of sessions. This led to mixed market moves at the end of the week with trades focused more on contract positions than overall market direction.

GENERAL COMMENTS:

Late-day buyer support moved back into the lean hog complex despite sharp, triple-digit losses through the morning. The initial pressure in hog trade seemed to take the market by surprise following gains Thursday and recent news of pork sold to China in the last export sales report. Cattle markets firmed in late-week trade, allowing for buyer interest to redevelop.

Corn futures are higher in light trade. May futures added 1 cent per bushel. Dow Jones Index is 269 points higher with Nasdaq up 36 points.

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