DTN Livestock Closing: Contracts Leveling Out

Cattle feeding. Photo: ©Debra L Ferguson

Cattle Regress, Lean Hogs Close Stronger

Earlier Tuesday it looked like the markets were rallying through the shortened week without a care in the world, but as time processed, cattle contracts changed direction and closed lower, but hog contracts still rallied through closing.

GENERAL COMMENTS:

Cattle contracts trended higher through most of the day, but near closing the complex sank lower.

Meanwhile, the lean hog complex didn’t bat an eye at how the cattle contracts were trading as cash prices remained elevated through closing and the board held onto its strength through the end of the day. Hog prices closed $0.14 higher with a weighted average of $28.45 on 10,406 head. September corn is up 12 3/4 cents per bushel and July soybean meal is up $5.80. The Dow Jones Industrial Average is up 217.08 points and NASDAQ is up 184.62 points.

The Latest


Send press releases to Ernst@Agfax.com.

View All Events


Send press releases to Ernst@Agfax.com.

View All Events