DTN Closing Livestock Comment 04/24 16:13
24 Apr 2024
DTN Closing Livestock Comment 04/24 16:13 HPAI News Scares the Cattle Complex Lower Traders again sent the cattle contracts trading lower as they reacted negatively to the announcement that traces of the HPAI virus had been found in milk despite the CDC still stating that risk to humans remains low. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex fell victim to yet another day of lower closes thanks to more developments seen in the HPAI virus story. A little cash cattle trade was reported in the South at $182, which is steady with last week's weighted average. Hog prices closed lower on the Daily Direct Afternoon hog report, down $0.36 with a weighted average of $91.49 on 4,288 hogs. May corn closed down 5 1/4 at $4.378 and July soybean meal closed up $3.10 at $349.2. The Dow Jones Industrial Average is down 42.77 at 38,460.92.