DTN Closing Livestock Comment 04/20 16:10
20 Apr 2022
DTN Closing Livestock Comment 04/20 16:10 Live Cattle Take Out Market's 100-day Average Thanks to thin supplies of market-ready cattle and a fiery cash cattle market, the live cattle complex was able to take on the market's 100-day moving average. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The live cattle market had a stellar day as the spot June contract blew past the market's 100-day moving average, which sends bullish signals through the entire market. Meanwhile, the lean hog complex rounded out the day fully lower as the market remains uncomfortable with demand. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.41 with a weighted average of $101.98 on 6,570 head. July corn is up 10 1/4 cents per bushel and July soybean meal is up $6.70. The Dow Jones Industrial Average is up 249.59 points.