DTN Closing Livestock Comment 10/28 16:28
28 Oct 2021
DTN Closing Livestock Comment 10/28 16:28 Hogs Take Thursday's Opportunity and Run Heading into Friday's trade, the lean hog market hopes to keep some momentum and cattle enthusiasts will be closely watching the day's processing speed as this week is shaping up to be a big one. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday's focus mainly landed on the lean hog market where, after a brutal early part of the week, Thursday's export report helped boost the market's moral and led prices higher. Meanwhile the live cattle contracts may have closed lower, but market fundamentals are still aligning for a strong live cattle market in the weeks to come. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.67 with a weighted average of $62.52 on 9,457 head. December corn is up 5 1/2 cents per bushel and December soybean meal is steady. The Dow Jones Industrial Average is up 239.79 points and NASDAQ is up 212.28 points.