DTN Closing Livestock Comment 04/27 16:10
27 Apr 2023
DTN Closing Livestock Comment 04/27 16:10 Livestock Market Waiting for Cash Cattle to Trade Heading into Friday's market ,cattlemen will be closely watching the cash cattle complex to see what it accomplishes this week, as feedlots have mostly opted to wait until Friday to trade their cattle. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was an exciting day for most of the livestock complex as the vast majority of the contracts closed higher, and fundamental support was ample. The biggest excitement heading into Friday's market will be watching what the cash cattle market achieves. Hog prices closed higher on the Daily Direct Afternoon hog report, up $2.46 with a weighted average of $72.05 on 12,303 hogs. July corn closed down 19 1/2 at $5.815 and July soybean meal closed down $0.00 at $427.4. The Dow Jones Industrial Average is up 524.29 at 33,826.16.