DTN Closing Livestock Comment 09/28 16:05
Livestock Market Hopes Thursday's Export Report Sheds Some Light
Thursday will be a busy day for the livestock complex as export data will be
sought after by all, and then the afternoon's Quarterly Hogs and Pigs report
will be important to both traders and hog producers.
DTN Livestock Analyst
It was another tough day in the marketplace for livestock producers as they
watched lower closes overcome the live cattle, feeder cattle and lean hog
markets. Heading into Thursday's market, the morning's export data is going to
be highly sought after as both beef and pork producers desperately need all the
support they can get for foreign markets. Hog prices closed lower on the Daily
Direct Afternoon Hog Report, down $4.09 with a weighted average of $93.28 on
8,336 head. December corn is up 3 cents per bushel and December soybean meal is
down $0.90. The Dow Jones Industrial Average is up 548.75 points.
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