DTN Closing Livestock Comment 07/27 16:12
27 Jul 2022
DTN Closing Livestock Comment 07/27 16:12 Lean Hogs and Feeder Cattle Charge Higher Ahead of Closing Bright and early Thursday morning the markets will be anxious to see how export demand treated both the pork and beef markets. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday's market ended up treating both the lean hog and feeder cattle contracts favorably, and even though the spot and nearby contract in the live cattle complex closed lower, the rest of the market trended higher as a bullish outlook is on the horizon thanks to a smaller cow herd. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $5.70 with a weighted average of $130.45 on 31,317 head. December corn is up 2 1/4 cents per bushel and December soybean meal is up $8.30. The Dow Jones Industrial Average is up 436.05 points.