DTN Closing Livestock Comment 09/30 16:10
Lean Hog Support Carries Through Closing Wednesday
Wednesday was a dynamic day for the livestock market throwing some
curveballs along the way but nothing the market can't handle.
DTN Livestock Analyst
Wednesday was eventful for the livestock complex as the lean hog market
absorbed unforeseen support and the market's cash cattle trade developed $2.00
stronger throughout both the Northern and Southern Plains. Heading into
Thursday, there's a lot of pressure in the lean hog market waiting for
Thursday's export report. Hog prices closed higher on the National Direct
Afternoon Hog Report, up $0.55 with a weighted average of $64.47 on 8,341 head.
December corn is up 14 1/4 cents per bushel and December soybean meal is up
$10.90. The Dow Jones Industrial Average is up 329.04 points and NASDAQ is up
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