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.
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.