DTN Closing Livestock Comment 05/19 16:21
19 May 2022
DTN Closing Livestock Comment 05/19 16:21 Little Support for the Livestock Contracts Thursday Heading into Friday's market, the livestock complex is hoping the market doesn't see much more deterioration ahead of the week's close. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday wasn't a supportive day for the livestock complex. The nearby live cattle contracts were able to post a mild recovery, but the deferred contracts still closed lower as consumer demand remains questionable. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.18 with a weighted average of $110.51 on 7,997 head. July corn is up 1 3/4 cents per bushel and July soybean meal is up $11.30. The Dow Jones Industrial Average is down 236.94 points.