DTN Closing Livestock Comment 04/26 15:35
26 Apr 2023
DTN Closing Livestock Comment 04/26 15:35 Livestock Contracts Keep Ambitious Tone Through Wednesday Heading into Thursday's market, all eyes will be on the livestock contracts to see if they can sustain their upward momentum as well as the cash cattle market to see what trade develops for. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a revitalizing day for the livestock complex as all three livestock markets closed higher and seemed to regain some much-needed footing in this week's market. Hog prices closed $2.51 higher on the Daily Direct Afternoon Report, on 10,661 head and a five-day rolling average of $67.55. No substantial cash cattle trade developed and it's likely that trade holds off until Thursday to really get underway. July corn is down 6 3/4 cents per bushel and July soybean meal is down $7.60. The Dow Jones Industrial Average is down 271.41 points.