DTN Closing Livestock Comment 04/20 16:10
20 Apr 2020
DTN Closing Livestock Comment 04/20 16:10 Tough Monday for Livestock Cattle contracts closed lower while the lean hog contract was able to pull prices higher. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: What a Monday -- yikes! Now that we have it done with, I hope that the rest of the week gets better. Another packing plant closing and oil prices dropping created more stress on an already burdened market. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.21 with a weighted average of $31.83 on 2,753 head sold. May corn is down 8 cents per bushel and July soybean meal is down $2.30. The Dow Jones Industrial Average is down 592.05 points and NASDAQ is down 89.41 points.