DTN Closing Livestock Comment 04/23 15:20
Hog Futures Continue Lower on Tuesday
Pressure in lean hog trade continued to develop late Tuesday. Despite a
midday bounce higher, the weakness in the complex quickly eroded any buyer
activity that attempted to move into the market.
By Rick Kment
GENERAL COMMENTS: Firm pressure seen in lean hog trade quickly pushed prices
lower in nearby trade. This offset a midday rally that was unable to hold,
causing concerns of further losses. Cattle markets remain mixed in limited
activity. Corn futures are lower in light trade. May futures fell 3 1/2 cents
per bushel. Dow Jones Index is 145 points higher with Nasdaq up 105 points.
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