DTN Closing Livestock Comment 09/27 15:37
Hogs Find Mild Support While Cattle Keep Grinding Lower
Heading into Thursday's market, the biggest ticket item to watch for in
Thursday's trade will be the Quarterly Hogs and Pigs Report.
DTN Livestock Analyst
It was a mixed day for the livestock complex as the lean hog contracts found
mild support ahead of Wednesday's close, but the cattle contracts couldn't
attract any attention from traders. A little cash cattle trade developed, but
more will need to develop later this week. Hog prices closed lower on the Daily
Direct Afternoon Hog Report, down $0.37 with a weighted average price of $76.62
on 5,581 head. December corn is up 3 1/2 cents per bushel and December soybean
meal is down $3.60. The Dow Jones Industrial Average is down 68.08 points.
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