DTN Closing Livestock Comment 04/18 15:52
18 Apr 2024
DTN Closing Livestock Comment 04/18 15:52 Hog Price Down, Cattle See Support Through Thursday Heading into Friday's trade, be prepared for the afternoon's Cattle on Feed report and watch for any cash cattle trade that develops. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex closed mixed as traders were willing to advance the cattle contracts but not the hog complex following Thursday's disappointing export sales report. Still, no cash cattle trade developed. Hog prices closed higher on the Daily Direct Morning Hog Report, up $0.65 with a weighted average price of $89.78 on 3,462 head. May corn is down 3 1/2 cents per bushel and May soybean meal is down $0.70. The Dow Jones Industrial Average is up 22.07 points.