DTN Closing Livestock Comment 04/29 15:29
29 Apr 2019
DTN Closing Livestock Comment 04/29 15:29 Market Weakness Continues Monday Firm losses redeveloped in lean hog and feeder cattle trade as buyers are unwilling to step back into the eroding market. Limited volume was seen through the entire session, allowing for potentially light volume Tuesday on the last April trading session. By Rick Kment DTN Analyst GENERAL COMMENTS: Market losses quickly developed in lean hog trade Monday morning as traders back away from previous highs. Although firm demand growth is likely through the end of the year, traders are trying to regain perspective following the recent unchecked market rally. Corn futures are higher in light trade. July futures added 1/2 cent per bushel. Dow Jones Index is 11 points higher with Nasdaq up 15 points.