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  Wednesday, September 23, 2020   
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DTN Closing Livestock Comment 09/22 16:05
   Cattle Continue to Trend Lower While Hogs Jump Higher

   Tuesday was another disappointing day for the cattle contracts but served
the lean hog sector well.

ShayLe Stewart
DTN Livestock Analyst

   GENERAL COMMENTS:

   It's been a tough week for the cattle contracts as traders invest in other
contracts and let the cattle complex sit idle. Meanwhile, the lean hog market
is bursting with support from a robust cash market and strong technical support
on the board. Hog prices closed sharply higher on the National Direct Afternoon
Hog Report, up $3.27 with a weighted average of $63.26 on 10,108 head. December
corn is down 1/2 cent per bushel and December soybean meal is up $2.90. The Dow
Jones Industrial Average is up 140.48 points and NASDAQ is up 184.84 points.
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