DTN Closing Livestock Comment 10/14 15:38
14 Oct 2022
DTN Closing Livestock Comment 10/14 15:38 Lean Hogs Charge Through Friday's End Thanks to Stellar Export Demand As the markets head into the weekend and think about Monday, seeing fundamental support will be important for both the cattle and hog sectors and outside pressures loom. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts closed lower as Friday's export data cast a lousy, unsupportive tone across the market, but the lean hog complex was able to rally as its market saw phenomenal export support. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.50 with a weighted average of $87.29 on 3,971 head. December corn is down 8 cents per bushel and December soybean meal is up $0.10. The Dow Jones Industrial Average is down 403.89 points.