DTN Closing Livestock Comment 05/13 16:10
13 May 2020
DTN Closing Livestock Comment 05/13 16:10 Boxed Beef Prices Close Wednesday With Biggest Drop Ever Wednesday was tough on the livestock contracts with each market heading considerably lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Cattle contracts took the brunt of Wednesday's hardships, but the biggest market change was the drop in boxed beef prices. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.34 with a weighted average of $36.87 on 8,590 head sold. July corn is down 4 cents per bushel and July soybean meal is down $1.50. The Dow Jones Industrial Average is down 516.81 points and NASDAQ is down 139.38 points.