DTN Closing Livestock Comment 04/23 15:20
23 Apr 2019
DTN Closing Livestock Comment 04/23 15:20 Hog Futures Continue Lower on Tuesday Pressure in lean hog trade continued to develop late Tuesday. Despite a midday bounce higher, the weakness in the complex quickly eroded any buyer activity that attempted to move into the market. By Rick Kment DTN Analyst GENERAL COMMENTS: Firm pressure seen in lean hog trade quickly pushed prices lower in nearby trade. This offset a midday rally that was unable to hold, causing concerns of further losses. Cattle markets remain mixed in limited activity. Corn futures are lower in light trade. May futures fell 3 1/2 cents per bushel. Dow Jones Index is 145 points higher with Nasdaq up 105 points.