DTN Market Commentary

DTN Closing Livestock Comment 10/04 16:07

10/4/2022 - 16:39:00

DTN Closing Livestock Comment 10/04 16:07
   Hogs Break Beneath Support

   It was a retracting day for the livestock complex, with the cattle contracts
stepping back modestly while the lean hog complex plundered lower.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex endured a bit of a setback through Tuesday's market as
the contracts seemed to distance themselves from the rest of the outside
markets, which performed exceptionally well. Hog prices closed higher on the
Daily Direct Afternoon Hog Report, up $10.17 with a weighted average of $92.77
on 20,744 head. December corn is up 2 1/4 cents per bushel and December soybean
meal is down $3.80. The Dow Jones Industrial Average is up 825.43 points.

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