DTN Closing Livestock Comment 04/30 16:13
30 Apr 2020
DTN Closing Livestock Comment 04/30 16:13 Slaughters Lower and Pork Cutouts Hit New Daily Highs As the market heads toward Friday, the live cattle and lean hog market are ready with the feeder cattle market lagging behind. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It's nice to see both the live cattle and lean hog complex strengthen heading into the week's close. Tyson shared Thursday afternoon that they have partnered with Matrix Medical Network to provide healthcare at the facilities. Hopefully this is an indication that plants will be back up to speed sooner rather than later. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.87 with a weighted average of $37.53 on 8,155 head sold. July corn is up 5 1/2 cents per bushel and July soybean meal is up $6.50. The Dow Jones Industrial Average is down 288.14 points and NASDAQ is down 25.16 points.