DTN Livestock Closing: Lean Hogs Pushing Higher

Cash cattle ended up trading for $103.50 come Thursday afternoon, following suit with the Southern Plains.

GENERAL COMMENTS:

Thursday’s trade wasn’t spontaneous and allowed the livestock complex to open and close in mostly the same mindset — cattle contracts closed lower and the lean hog complex kept with its vigor. Hog prices closed sharply higher, up $1.60 on the National Direct Afternoon Hog Report, with a weighted average of $62.50 on 10,317 head. December corn is up 3 1/2 cents per bushel and December soybean meal is up $9.60. The Dow Jones Industrial Average is down 130.40 points and NASDAQ is down 140.19 points.




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