DTN Closing Livestock Comment 08/26 16:08

DTN Closing Livestock Comment 08/26 16:08 Widespread Pressure Seen Across Livestock Markets Follow-through pressure in cattle trade added to Thursday morning losses, with prices posting active pressure at closing bell. August live cattle led the complex lower with a $1.15 per cwt loss, although lack of volume in spot month contracts is likely to limit overall objective price shifts in the near future. Hog futures gave back morning gains, as buyer interest quickly ran out of and pushed all nearby contracts lower at closing bell. By Rick Kment, DTN Contributing Analyst GENERAL COMMENTS: Market weakness developed in all livestock futures in late day trade Thursday. A combination of active pressure in financial markets and lack of follow-through buyer support in nearby cattle and hog trade left markets generally unsupported Thursday afternoon. Hog futures were the lower Thursday as firm pressure developed through the complex. Hog prices moved lower on the National Direct Afternoon Hog Report in moderate trade, fell $1.21 with a weighted average of $92.98 on 4,770 head. December corn is down 1 cent per bushel and December soybean meal is up $3.10 per ton. The Dow Jones Industrial Average is down 191 points and NASDAQ is down 96 points.