DTN Livestock Close: Hog Futures Continue Lower

Photo: Soybean Checkoff

Pressure in lean hog trade continued to develop late Tuesday. Despite a midday bounce higher, the weakness in the complex quickly eroded any buyer activity that attempted to move into the market.

GENERAL COMMENTS:

Firm pressure seen in lean hog trade quickly pushed prices lower in nearby trade. This offset a midday rally that was unable to hold, causing concerns of further losses. Cattle markets remain mixed in limited activity.

Corn futures are lower in light trade. May futures fell 3 1/2 cents per bushel. Dow Jones Index is 145 points higher with Nasdaq up 105 points.

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