DTN Closing Livestock Comment 08/03 16:13
3 Aug 2022
DTN Closing Livestock Comment 08/03 16:13 Cattle Run With Wednesday's Market Heading into Thursday's market, both the beef and pork markets will be anxiously waiting to see how the day's export report treats the market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tremendous day for the cattle contracts as the market saw ample technical support, and with cash cattle trading at steady money as opposed to weaker prices, the market's tone shifted. The lean hog market wasn't able to capture the same type of gains, but it hopes that Thursday's export report unveils something favorable. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $9.31 with a weighted average of $130.64 on 34.710 head. December corn is up 2 cents per bushel and December soybean meal is down $5.00. The Dow Jones Industrial Average is up 416.33 points.