DTN Closing Livestock Comment 01/28 16:10
28 Jan 2022
DTN Closing Livestock Comment 01/28 16:10 Cattle, Hogs Both Expect Lighter Saturday Kills Heading into next week's trade, the lean hog market will be looking for renewed support and the cattle complex will be eyeing the cash market and throughput. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock futures rallied aggressively into Friday's close and ultimately the live cattle, feeder cattle and lean hog contracts all closed higher amid a technical push. Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.29 with a weighted average of $75.11 on 5,377 head. March corn is up 10 3/4 cents per bushel and March soybean meal is up $6.50. The Dow Jones Industrial Average is up 564.69 points and NASDAQ is up 417.79 points.