DTN Closing Livestock Comment 04/19 15:33
19 Apr 2024
DTN Closing Livestock Comment 04/19 15:33 Stronger Tones Keep with Most of the Livestock Complex Through Friday's End Heading into Monday's trade, it will be interesting to note how traders receive Friday's Cattle on Feed report given that placements were down 12%. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: All in all, it was a good day for the livestock complex as both the live cattle and lean hog markets closed higher, and the feeder cattle market seemed to retreat in preparation for Friday's Cattle on Feed report which ended up being rather supportive to the feeder cattle market. Hog prices closed lower on the Daily Direct Afternoon Hog report, down $1.29 with a weighted average price of $88.49 on 1,268 head. May corn is up 6 3/4 cents per bushel and July soybean meal is up $5.80. The Dow Jones Industrial Average is up 211.02 points.