DTN Closing Livestock Comment 08/20 16:06
20 Aug 2020
DTN Closing Livestock Comment 08/20 16:06 Lean Hog Complex Steals Thursday's Show Cattle contracts ran out of trader support, but the lean hog complex didn't allow the day to become a waste! ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday was a day for the lean hog complex to roll higher in every facet while cattle contracts slid to the background. The lean hog complex not only managed to close $2.00 higher in the nearby contracts, but also supported a stronger cash market and higher cutout close. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.28 with a weighted average of $39.19 on 5,65 head. December corn is down 1/2 cent per bushel and December soybean meal is down $1.90. The Dow Jones Industrial Average is up 46.85 points and NASDAQ is up 118.49 points.