DTN Closing Livestock Comment 04/22 16:01
22 Apr 2020
DTN Closing Livestock Comment 04/22 16:01 Varying Movements in the Livestock Complex Livestock contacts close all over the place Wednesday; somewhat higher and somewhat lower. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex was a hard game Wednesday, as everything seems to be trading in its own world, for its own reason. Cash cattle prices were lower but the board traded higher for a chunk of the day. While the lean hog complex was steadily lower on the board (all day), the cash market jumped over $1.00 higher. In these chaotic times, unparalleled movements seem to be more and more normal. Hog prices are higher on the National Direct Afternoon Hog Report, up $1.41 with a weighted average of $34.24 on 8,138 head sold. May corn is up 8 1/4 cents per bushel and July soybean meal is down $1.60. The Dow Jones Industrial Average is up 456.94 points and NASDAQ is up 232.15 points.