DTN Closing Livestock Comment 10/27 16:11
Live Cattle Keep Hustling Wednesday
Looking to Thursday's trade, the lean hog market will be closely watching
the week's export report, and live cattle complex hopes to keep their momentum.
DTN Livestock Analyst
The live cattle complex dominated the livestock sector as the market closed
higher in its nearby contracts and was able to see a healthy advancement
throughout the cash cattle market as well. Meanwhile, the feeder cattle
contracts drew back in fear of a lively corn market, and the lean hog market
slid lower unable to muster any demand. Hog prices closed lower on the National
Direct Afternoon Hog Report, down $0.62 with a weighted average of $63.19 on
8,035 head. December corn is up 13 3/4 cents per bushel and December soybean
meal is up $4.00. The Dow Jones Industrial Average is down 257.03 points and
NASDAQ is up 1.95 points.
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