DTN Closing Livestock Comment 09/17 16:13
Lean Hogs Keep Pushing Higher
Cash cattle ended up trading for $103.50 come Thursday afternoon, following
suit with the Southern Plains.
DTN Livestock Analyst
Thursday's trade wasn't spontaneous and allowed the livestock complex to
open and close in mostly the same mindset -- cattle contracts closed lower and
the lean hog complex kept with its vigor. Hog prices closed sharply higher, up
$1.60 on the National Direct Afternoon Hog Report, with a weighted average of
$62.50 on 10,317 head. December corn is up 3 1/2 cents per bushel and December
soybean meal is up $9.60. The Dow Jones Industrial Average is down 130.40
points and NASDAQ is down 140.19 points.
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