DTN Closing Livestock Comment 07/20 16:10
20 Jul 2022
DTN Closing Livestock Comment 07/20 16:10 Lean Hogs See Cash Prices Jump Again Heading into Thursday's market, both the pork and beef markets will be closely watching for the day's export report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a lackluster day for the cattle market as the market saw more cash cattle trade, but lower prices were the market's theme. The feeder cattle market seemed to run out of steam technically, as traders allowed the market to dip lower despite interest still being strong in sales. But the lean hog market had a whammy of day as cash prices blew everyone's mind. Hog prices closed $7.19 higher on the Daily Direct Afternoon Hog Report, equating to a weighted average of $127.69 on 29,371 head. December corn is down 7 1/2 cents per bushel and December soybean meal is down $3.70. The Dow Jones Industrial Average is down 145.93 points.