DTN Closing Livestock Comment 05/31 16:13
31 May 2022
DTN Closing Livestock Comment 05/31 16:13 Tuesday Brings Weakness to the Livestock Complex Following Tuesday's grim start to the week, the livestock is hopeful that Wednesday brings a better outlook to the livestock contracts. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tough day to start the week following the long Memorial Day weekend, as the livestock complex and futures market was bearish. Heading into Wednesday's market, packer interest should grow stronger and cattle could begin to trade. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.90 with a weighted average of $111.58 on 6,326 head. July corn is down 23 3/4 cents per bushel and July soybean meal is down $17.50. The Dow Jones Industrial Average is down 222.84 points.