DTN Closing Livestock Comment 07/08 17:16
8 Jul 2019
DTN Closing Livestock Comment 07/08 17:16 Hog Futures Fall by Triple Digits Monday Lean hog futures fell by triple digits again Monday with most nearby contracts testing long-term support. By Rick Kment DTN Analyst GENERAL COMMENTS: Lean hogs were under pressure most of Monday's session with most nearby contracts settling $2 to $2.55 per cwt lower. Cattle trade lacked direction with futures closing mixed. Cash cattle activity was at a standstill Monday afternoon with bids and asking prices unavailable. It is likely that trade will be delayed until the second half of the week, but a few token bids may start to move into the market Tuesday. The National Daily Direct afternoon hog report was $0.51 higher ($57-$68, weighted average $66.27) on 10,620 head sold. Corn futures inched higher in limited trade with September up 3/4 cent. Dow Jones Index was 115 points lower with the NASDAQ down 63 points.