DTN Closing Livestock Comment 05/06 16:28
6 May 2020
DTN Closing Livestock Comment 05/06 16:28 Support Strengthens in Livestock Contracts Wednesday Wednesday lit a spark throughout the cattle contracts midday. Ultimately the cattle complex closed mostly limit higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It wasn't the day to be lethargically drinking midday coffee, as cash cattle trade jumped higher, cattle contracts closed mostly limit higher and the lean hog complex was able to close moderately higher as well. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.04 with a weighted average of $36.40 on 4,735 head sold. July corn is down 2 3/4 cents per bushel and July soybean meal is down $1.30. The Dow Jones Industrial Average is down 218.45 points and NASDAQ is up 45.27 points.