DTN Closing Livestock Comment 05/14 16:06
14 May 2020
DTN Closing Livestock Comment 05/14 16:06 Contracts and Boxed Beef Prices Close Lower Thursday felt more like a Monday as the board and boxed beef prices closed lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The industry is starting to feel the market begin its correction. There's no doubt that cattlemen and traders hope to see the market turn to a more stable environment, but the roller-coaster ride getting there is going to be harsh and volatile. Hog prices close higher on the National Direct Afternoon Hog Report, up $0.18 with a weighted average of $37.05 on 7,136 head. July corn is down 3/4 cent per bushel and July soybean meal is steady. The Dow Jones Industrial Average is up 377.37 points and NASDAQ is up 80.55 points.