DTN Closing Livestock Comment 12/14 15:36
14 Dec 2023
DTN Closing Livestock Comment 12/14 15:36 Lean Hog Futures Lead Complex Higher Moderate to strong support developed across livestock futures Thursday with aggressive gains developing in early 2024 contract months. The focus on potential market stability over the upcoming weeks has helped to draw buyer interest back into the market. Rick Kment DTN Analyst GENERAL COMMENTS: Strong underlying buyer interest quickly and aggressively moved into feeder cattle and lean hog futures Thursday afternoon. The underlying support across the market helped to shift market direction away from short-term demand and supply issues, and more on long-term potential. The renewed support in financial and stock markets is also helping to create expectations of further growth through beef and pork demand through the middle to end of 2024.