DTN Closing Livestock Comment 05/12 16:22
12 May 2020
DTN Closing Livestock Comment 05/12 16:22 Support Continued to Grow in All Three Livestock Contracts Tuesday Tuesday closed far better than the day initially started, as all three contracts closed stronger, and the cash markets did as well. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: To start, Tuesday wasn't sure if the support building throughout the market was strong enough to rally prices higher -- but as the day progressed and substantial support developed more and more, all three livestock contracts closed higher, and their energy even carried into the cash markets. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.46 with a weighed average of $37.31 on 4,863 head sold. July corn is up 5 cents per bushel and July soybean meal is up $3.10. The Dow Jones Industrial Average is down 74.69 points and NASDAQ is up 4.22 points.