DTN Closing Livestock Comment 09/03 16:15
3 Sep 2020
DTN Closing Livestock Comment 09/03 16:15 Cattle Close Red, Hogs Secure Nearby Gains Looking to the last trading day of the week, the lean hog sector hopes to have another rallying day while the cattle contracts hold their breath. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle complex looks to the week's end and prays that Friday's damage is minimal, while the lean hog market has had a bumper week seeing cash prices, pork demand and the board all close higher. Hog prices are unavailable on the National Direct Afternoon Hog Report due to packer submission problems. October lean hogs are up $2.85 at $59.25, December corn is down 5 cents per bushel and December soybean meal is up $2.60. The Dow Jones Industrial Average is down 807.77 points and NASDAQ is down 598.34 points.