DTN Closing Livestock Comment 09/04 16:32
4 Sep 2020
DTN Closing Livestock Comment 09/04 16:32 Lean Hog Price Rally Persists Through the Week Amid relatively light trading volumes, live and feeder cattle contracts tested both sides of unchanged, but the upward momentum of the hog market remained firm. Elaine Kub Contributing Analyst GENERAL COMMENTS: Livestock futures continued moving in the same direction as last week, with live and feeder cattle contracts' light Friday gains not enough to override weekly losses, while lean hogs just kept posting gains with strong fundamental support. Hog prices closed lower on the National Direct Afternoon Hog Report, off $0.47 with a weighted average of $45.89 on 5,038 head. December corn is up 4 1/4 cents per bushel and December soybean meal is up $4.40. The Dow Jones Industrial Average is down 159.42 points and NASDAQ is down 149 points.