DTN Closing Livestock Comment 05/11 16:04
11 May 2020
DTN Closing Livestock Comment 05/11 16:04 Cattle Contracts Tumble Lower, Hogs Skate By With Minor Losses Monday was a tough day for the cattle contracts as the feeder cattle market closed $2.00 to $4.00 lower and the live cattle market dropped $2.00 to $3.00. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Mondays are never especially easy, but when you close one week fully higher and come into the next week fully lower, it seems a little more disappointing than just a typical lackadaisical Monday. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.80 with a weighted average of $36.72 on 8,443 head sold. July corn is down 3/4 cent per bushel and July soybean meal is down $0.50. The Dow Jones Industrial Average is down 109.33 points and NASDAQ is up 71.02 points.