DTN Closing Livestock Comment 05/25 16:05
25 May 2022
DTN Closing Livestock Comment 05/25 16:05 Pressure Builds by Wednesday's Close for the Livestock Contracts Given that boxed beef prices and cash cattle prices both traded lower by Wednesday's end, it could be a tough Thursday for the cattle market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Both the live cattle and lean hog contracts saw pushback develop ahead of Wednesday's close. In looking to Thursday's market, lower tones could find their way into the marketplace unless stronger fundamental support comes first. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.04 with a weighted average of $112.62 on 9,684 head. July corn is up 1/2 cent per bushel and July soybean meal is down $2.90. The Dow Jones Industrial Average is up 191.66 points.