DTN Closing Livestock Comment 09/25 16:15
Cattle Weaken While Hogs Rally Into the Week's Close
It was a busy week for the livestock complex with various reports and
thriving cash markets.
DTN Livestock Analyst
Rounding out another week, the livestock complex closed mixed as cattle
contracts closed lower, but the lean hog complex rallied heading into the
weekend. Hog prices closed higher on the National Direct Afternoon Hog Report,
up $0.14 with a weighted average of $64.74 on 9,863 head. December lean hogs
are up $1.15 at $64.425, December corn is up 1 3/4 cents per bushel and
December soybean meal is up $2.10. The Dow Jones Industrial Average is up
358.52 points and NASDAQ is up 241.29 points.
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