DTN Closing Livestock Comment 05/07 16:04
7 May 2020
DTN Closing Livestock Comment 05/07 16:04 Cattle Contracts Takes Thursday for All That It Has Cattle contracts pushed hard to keep prices elevated and to close Thursday on a win. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Naming what exactly got into the cattle market to push the industry higher on both the board and through the countryside isn't easy this week, but while the opportunity is presenting itself, the market is taking advantage of it. Hog prices aren't comparable to Wednesday's close but the weighted average sits at $36.62, ranging from $35.96 to $45.00 on 7,308 head sold. July corn is up 3 3/4 cents per bushel and July soybean meal is steady. The Dow Jones Industrial Average is up 211.25 points and NASDAQ is up 125.27 points.