DTN Closing Livestock Comment 05/20 16:05
20 May 2021
DTN Closing Livestock Comment 05/20 16:05 For Only the Second Time in History, Select Cuts Close Above $300 As cattlemen look to the markets, their disgust only grows stronger as select cuts jumped above $300 for only the second time in history (second to 2020), all while feedlots have yet to see a sizeable movement in this week's cash cattle trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday rounded out the day with strong gains seen in the hog market, but distressing realizations were meant to be drawn in the cattle market. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.06 with a weighted average of $109.79 on 7,256 head. July corn is up 6 1/4 cents per bushel and July soybean meal is down $2.10. The Dow Jones Industrial Average is up 188.11 points and NASDAQ is up 236.00 points.