DTN Closing Livestock Comment 09/22 16:05
22 Sep 2020
DTN Closing Livestock Comment 09/22 16:05 Cattle Continue to Trend Lower While Hogs Jump Higher Tuesday was another disappointing day for the cattle contracts but served the lean hog sector well. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It's been a tough week for the cattle contracts as traders invest in other contracts and let the cattle complex sit idle. Meanwhile, the lean hog market is bursting with support from a robust cash market and strong technical support on the board. Hog prices closed sharply higher on the National Direct Afternoon Hog Report, up $3.27 with a weighted average of $63.26 on 10,108 head. December corn is down 1/2 cent per bushel and December soybean meal is up $2.90. The Dow Jones Industrial Average is up 140.48 points and NASDAQ is up 184.84 points.