DTN Closing Livestock Comment 05/01 16:29
1 May 2020
DTN Closing Livestock Comment 05/01 16:29 Livestock Complex Closes Friday With Strength The livestock complex wraps up the week fully stronger -- boosting contracts in all three markets. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: In the world that we are currently living in, making it to Friday seems like a triumph in and of itself. Thankfully, this week posted some bullish wins for the marketplace; the board trade higher throughout most of the week, the lean hog complex traded stronger and cash cattle prices strengthened come Friday. But until packing plants are running at near full capacity, the industry is going to continue to suffer. Thankfully there have been some announcements made that some plants are going to start processing again next week, but given the current backlog that the market has built up -- we need plants to open now.