DTN Closing Livestock Comment 03/11 16:19
11 Mar 2021
DTN Closing Livestock Comment 03/11 16:19 Lean Hogs Leap Higher Thursday The lean hog market ran vigorously into Thursday's trade and served the complex well as the futures market closed higher, pork cutouts closed higher and the market's slaughter held firm. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a great day for the lean hog market as the pork cutout value closed higher alongside a strong technical market throughout the futures complex. Meanwhile, the cattle market closed mixed with live cattle contracts seeing some support, but the fundamental side of the market not seeing any advancement. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.40 with weighted average of $86.05 on 7,205. May corn is up 4 1/2 cents per bushel and May soybean meal is down $2.00. The Dow Jones Industrial Average is up 193.62 points and NASDAQ is up 326.08 points.