DTN Closing Livestock Comment 09/12 15:39
12 Sep 2023
DTN Closing Livestock Comment 09/12 15:39 Hogs Run Through Resistance Tuesday The livestock complex closed mostly higher Tuesday afternoon, but it was the lean hog market that saw most of the market's support as the nearby contracts closed over $2.00 higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The lean hog complex rallied through Tuesday's end while the cattle complex saw mild support. Heading into Wednesday's market, the lean hog complex will be pressured to either defend its bold move or break back below resistance. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.61 with a weighted average price of $78.56 on 5,109 head. December corn is down 9 1/4 cents per bushel and December soybean meal is down $6.80. The Dow Jones Industrial Average is down 17.73 points.