DTN Closing Livestock Comment 05/07 16:12
7 May 2021
DTN Closing Livestock Comment 05/07 16:12 Mostly Higher Closes Summarize Friday's Livestock Developments Even with the corn market gaining strength Friday afternoon, both the live cattle and feeder cattle contracts managed to close moderately higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another week of strong advancements in the lean hog market, but plenty of challenging hurdles to dodge in the cattle market. Hog prices closed lower on the National Direct Afternoon Hog Report, down $2.72 with a weighted average of $113.70 on 5,116 head. July corn is up 13 1/2 cents per bushel and July soybean meal is up $14.50. The Dow Jones Industrial Average is up 229.23 points and NASDAQ is up 119.40 points.