DTN Closing Livestock Comment 05/26 16:16
26 May 2020
DTN Closing Livestock Comment 05/26 16:16 Tuesday Rallied Livestock Contracts Higher Tuesday was able to welcome in a new week and brought a sense of prosperity that the market thrived on. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: All three livestock contracts rallied through closing, ending the day substantially higher for the start of the week. Boxed beef values and pork cutouts are trying to wade through this new era as prices start to correct and slaughter continues to grow. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.98 with a weighted average of $36.83 on 6,853 head sold. July corn is up 1 cent per bushel and July soybean meal is down $0.20. The Dow Jones Industrial Average is up 529.95 points and NASDAQ is up 15.63 points.