DTN Closing Livestock Comment 07/24 16:06
24 Jul 2020
DTN Closing Livestock Comment 07/24 16:06 Lean Hogs Close Higher While Cattle Contracts Weaken Cattle contracts head into Friday unsupported and fully lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Friday was a rapid-fire day for the livestock contracts as USDA reports consumed cattlemen with contracts trading mixed, trying to decide where the week should end, and lean hog prices jumped through the roof. Hog prices closed exceptionally stronger on the National Direct Afternoon Hog Report, up $2.88 with a weighted average of $37.87 on 10,207 head. December corn is down 1/2 cent per bushel and December soybean meal is up $0.70. The Dow Jones Industrial Average is down 134.86 points and NASDAQ is down 65.84 points.