DTN Closing Livestock Comment 05/21 16:15
21 May 2021
DTN Closing Livestock Comment 05/21 16:15 Livestock Contracts Catch a Gust of Support Before Closing Friday Friday's livestock contracts were granted a sweet close come Friday afternoon as the markets shot higher right before closing. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a touch and go week for the livestock complex as the market must manage both technical and fundamental influences extremely close in Friday's market. Thankfully, both beef and pork demand continue to run wild and before Friday's close, traders upped their ante and the contracts closed higher. Hog prices closed lower on the National Direct Afternoon Hog Report, down $2.99 with a weighted average of $106.80 on 3,596 head. July corn is down 5 cents per bushel and July soybean meal is down $2.20. The Dow Jones Industrial Average is up 123.69 points and NASDAQ is down 64.75 points.