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DTN Closing Livestock Comment 07/24 15:41

24 Jul 2024

DTN Closing Livestock Comment 07/24 15:41 Lean Hog Prices Gain on Higher Cutouts; Cattle Prices Mixed October lean hogs posted a seventh consecutive higher close Wednesday, helped by the highest pork cutout values in nearly a year. October live cattle recovered from early selling to end a little higher, while August feeders finished lower on the day. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: October lean hogs closed at a new one-month high Wednesday, helped by the highest pork cutout values since August 2023. October live cattle started the day lower, but finished slightly higher, waiting for cash trade to develop.

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