DTN Closing Livestock Comment 04/12 15:42
12 Apr 2019
DTN Closing Livestock Comment 04/12 15:42 Late-Day Buying Pushed Hog Prices Higher Volatility swept through hog futures over the last couple of sessions. This led to mixed market moves at the end of the week with trades focused more on contract positions than overall market direction. By Rick Kment DTN Analyst GENERAL COMMENTS: Late-day buyer support moved back into the lean hog complex despite sharp, triple-digit losses through the morning. The initial pressure in hog trade seemed to take the market by surprise following gains Thursday and recent news of pork sold to China in the last export sales report. Cattle markets firmed in late-week trade, allowing for buyer interest to redevelop. Corn futures are higher in light trade. May futures added 1 cent per bushel. Dow Jones Index is 269 points higher with Nasdaq up 36 points.