DTN Livestock Close: Live Cattle Keep Hustling

    ©Debra L Ferguson Stock Photography

    Looking to Thursday’s trade, the lean hog market will be closely watching the week’s export report, and live cattle complex hopes to keep their momentum.

    GENERAL COMMENTS:

    The live cattle complex dominated the livestock sector as the market closed higher in its nearby contracts and was able to see a healthy advancement throughout the cash cattle market as well. Meanwhile, the feeder cattle contracts drew back in fear of a lively corn market, and the lean hog market slid lower unable to muster any demand.

    Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.62 with a weighted average of $63.19 on 8,035 head.

    December corn is up 13 3/4 cents per bushel and December soybean meal is up $4.00. The Dow Jones Industrial Average is down 257.03 points and NASDAQ is up 1.95 points.

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