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Market News

DTN Closing Livestock Comment 03/21 15:18
   Hog Trade Takes Advantage of Expanded Limits

   Expanded trading limits did little to curb buyer support Thursday with
prices swiftly moving higher, closing $4.50 per cwt higher in most nearby
contracts. This once again sets the stage for wide trading ranges to redevelop
Friday.

By Rick Kment
DTN Analyst



   GENERAL COMMENTS: Hog futures continue to surge higher with prices shifting
$13 per cwt higher in the last week. Markets have moved more than $25 per cwt
off contract lows in the last month, sparking renewed interest through the
entire complex. Cattle trade got caught up in the buying momentum, although
concerns of cattle and calf losses are bolstering fall and winter price levels.
Corn futures are higher in light activity. May futures gained 4 3/4 cents per
bushel. Dow Jones Index is 219 points higher with Nasdaq up 110 points.
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See What 100 Years Can Do

In July 2016, Farm Credit marked 100 years of support for rural communities and agriculture, a milestone celebrated throughout the year and now drawing to a close. See highlights from Farm Credit's year-long centennial celebration. 

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