DTN Closing Livestock Comment 04/26 16:02
26 Apr 2024
DTN Closing Livestock Comment 04/26 16:02 Cash Cattle Sales Keep Cattle Contracts Higher Through Friday's Close The livestock complex closed mixed Friday with cattle rallying on strong cash cattle sales while the hog complex again struggled to find support as summer demand remains in question. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Even though the lean hog complex closed lower as concerns about summer demand pressured its market, the cattle complex rallied through the day without a hitch. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.67 with a weighted average price of $90.38 on 1,799 head. July corn is down 2 cents per bushel and July soybean meal is down $2.90. The Dow Jones Industrial Average is up 153.86 points.