DTN Closing Livestock Comment 01/09 16:00
9 Jan 2024
DTN Closing Livestock Comment 01/09 16:00 Firm Gains Redevelop in Livestock Trade Live cattle futures gained late-day support Tuesday, helping to offset early day pressure and lackluster market support seen during the morning. Hog futures continue to move higher, but backed away from session highs. Rick Kment DTN Analyst GENERAL COMMENTS: Strong early gains in nearby lean hog futures helped sustain positive price direction through the complex Tuesday. February lean hog futures closed $1.27 per cwt higher, but pulled back significantly from midday highs, as traders started to adjust positions following the strong upward moves over the past four trading session.