DTN Livestock Close: Lean Hogs Take the Momentum as Feeder Cattle Weaken

Photo: Soybean Checkoff

The livestock complex closed mixed as the live cattle sector closed phenomenally with a strong board and stronger cash cattle market; adversely the feeder cattle complex dwindled, but lean hog contracts were able to make positive moves through Thursday’s afternoon.

GENERAL COMMENTS:

Thursday’s trade was uneventful after feeder cattle contracts scaled lower and lean hog contracts got the chance to trade higher. This week’s cash cattle trade has kept with its momentum and vigor, the only unsettled piece is how/if Northern cattle are going to trade this week.

Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.17 with a weighted average of $37.51 on 8,576 head.

December corn is up 11 1/2 cents per bushel and December soybean meal is up $8.90. The Dow Jones Industrial Average is down 80.12 points and NASDAQ is up 30.26 points.

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