DTN Livestock Closing: Lean Hogs Carry Through Closing

    Cattle feeding. Photo: ©Debra L Ferguson

    Lean Hog Support Carries Through Closing Wednesday

    Wednesday was a dynamic day for the livestock market throwing some curveballs along the way but nothing the market can’t handle.

    GENERAL COMMENTS:

    Wednesday was eventful for the livestock complex as the lean hog market absorbed unforeseen support and the market’s cash cattle trade developed $2.00 stronger throughout both the Northern and Southern Plains. Heading into Thursday, there’s a lot of pressure in the lean hog market waiting for Thursday’s export report. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.55 with a weighted average of $64.47 on 8,341 head. December corn is up 14 1/4 cents per bushel and December soybean meal is up $10.90. The Dow Jones Industrial Average is up 329.04 points and NASDAQ is up 82.26 points.

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