DTN Closing Livestock Comment 04/28 15:49
28 Apr 2023
DTN Closing Livestock Comment 04/28 15:49 Cash Cattle Trade $2 to $5 Lower Cash cattle prices trended lower this week, which left the futures complex unsupported and ultimately led to a weaker close. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex, as live cattle and feeder cattle struggled with the onset of cheaper cash cattle prices. But the lean hog market nearly exploded. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.38 with a weighted average of $71.67 on 6,890 head. July corn is up 3 1/2 cents per bushel, and July soybean meal is up $5. The Dow Jones Industrial Average is up 211.98 points.