DTN Closing Livestock Comment 03/20 17:00
Limit Hog Gains Sparks Interest
Continued market support flooded the hog complex with nearby futures locked
in limit gains. This brought increased interest through the complex.
By Rick Kment
DTN Analyst
GENERAL COMMENTS: Early support gave way to limit gains in lean hog futures.
All nearby contracts are locked in $3 per cwt gains, allowing for expanded
trade limits Thursday. Feeder cattle futures led cattle markets higher,
focusing on potential supply tightness. Corn futures are higher in light
activity. May futures gained 1/4 cent per bushel. Dow Jones Index is 141 points
lower with Nasdaq up 5 points.
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