DTN Closing Livestock Comment 07/29 16:26
29 Jul 2020
DTN Closing Livestock Comment 07/29 16:26 Cattle Contracts Close Out Wednesday Stronger Cattle contracts were able to keep up with their steady progression while the lean hog contracts weren't able to muster the same support needed to boost prices. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday offered the marketplace wins throughout all three sectors. The cattle contracts were able to close higher, cash cattle prices were a tick stronger, and even though cash hog prices were lower, the number of hogs moving through the supply chain is commendable and exciting for the marketplace. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.37 with a weighted average of $42.30 on 15,566 head. December corn is down 3 3/4 cents per bushel and December soybean meal is down $1.70. The Dow Jones Industrial Average is up 160.29 points and NASDAQ is up 140.85 points.