DTN Closing Livestock Comment 07/30 16:44
30 Jul 2019
DTN Closing Livestock Comment 07/30 16:44 Losses Continue in Hog Trade Triple-digit losses redeveloped in lean hog futures as traders focused on putting additional market weakness through the entire complex. Feeder cattle trade sparked interest due to weaker grain trade. By Rick Kment DTN Analyst GENERAL COMMENTS: Active pressure in lean hog futures set a weaker tone for live cattle and lean hog trade Tuesday. The underlying pressure is creating additional concern of late month pressure in livestock trade. Corn futures moved lower in light trade. September futures is 5 1/2 cents per bushel lower. Dow Jones Index is 23 points lower with Nasdaq down 19 points.