DTN Closing Livestock Comment 05/26 16:05
26 May 2022
DTN Closing Livestock Comment 05/26 16:05 Cattle Carcass Weights Drop Significantly It's likely that Friday's trade is pretty quiet with traders looking to head out early for the long weekend that awaits. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex. The lean hog market saw substantial gains throughout its contracts, but the live cattle and feeder cattle contracts can't say the same. Given that Monday is a holiday, the market is expecting a quiet Friday ahead of the long weekend. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.27 with a weighted average of $111.35 on 7,515 head. July corn is down 7 1/4 cents per bushel and July soybean meal is up $4.00. The Dow Jones Industrial Average is up 516.91 points.