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DTN Closing Livestock Comment 05/25 16:06

25 May 2021
DTN Closing Livestock Comment 05/25 16:06 Packers Hit Tuesday's Cash Cattle Market, Looking for Eager Sellers The hog market ran through Tuesday's closed with ambition and excitement as the markets caught another gust of support. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The lean hog market had another stellar day with slaughter levels scaling higher, pork cutouts closing higher and the board supporting the market's fundamental movement. But the same, sadly, can't be said for the live cattle market -- boxed beef prices continue to rally, but packers continue to hold the cash market at steady levels. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.89 with a weighted average of $107.42 on 7,324 head. July corn is down 37 cents per bushel, and July soybean meal is down $13.90. The Dow Jones Industrial Average is down 81.52 points, and the NASDAQ is down 3.99 points.

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