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DTN Closing Livestock Comment 09/30 15:48
Hogs Cling to Thursday's Support While Cattle Drift Lower
Heading into Monday's market, the livestock complex is going to be anxiously
looking for support as the contracts appear to have established new bottoms.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a mixed day for the livestock complex as cattle rounded out the week
on a slightly lower note, but the lean hog complex closed higher as Thursday's
support carried the market through Friday's end. Hog prices closed lower on the
Daily Direct Afternoon Hog Report, down $3.27 with a weighted average of $85.08
on 3,016 head. December corn is up 8 cents per bushel and December soybean meal
is down $4.20. The Dow Jones Industrial Average is down 500.10 points.
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