DTN Closing Livestock Comment 09/30 16:10
30 Sep 2020
DTN Closing Livestock Comment 09/30 16:10 Lean Hog Support Carries Through Closing Wednesday Wednesday was a dynamic day for the livestock market throwing some curveballs along the way but nothing the market can't handle. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday was eventful for the livestock complex as the lean hog market absorbed unforeseen support and the market's cash cattle trade developed $2.00 stronger throughout both the Northern and Southern Plains. Heading into Thursday, there's a lot of pressure in the lean hog market waiting for Thursday's export report. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.55 with a weighted average of $64.47 on 8,341 head. December corn is up 14 1/4 cents per bushel and December soybean meal is up $10.90. The Dow Jones Industrial Average is up 329.04 points and NASDAQ is up 82.26 points.