DTN Closing Livestock Comment 07/21 16:39
21 Jul 2020
DTN Closing Livestock Comment 07/21 16:39 Hog Futures Lead Market Higher Active buyer support moved into lean hog futures with traders focusing on strong pork gains. Cattle trade remained disappointed by the inability to hold early price support. Rick Kment DTN Analyst GENERAL COMMENTS: Lean hog futures became the clear winner for the day as traders pushed nearby contracts triple-digit higher. Cattle trade remains under pressure as early buyer interest quickly evaporated. Hog prices were higher on the National Direct Afternoon Hog Report, up $1.94 with a weighted average of $33.60 on 12,852 head. December corn is down 5 cents per bushel and December soybean meal is down $2.80. The Dow Jones Industrial Average is up 159.53 points and NASDAQ is down 86.73 points.