DTN Closing Livestock Comment 04/29 15:49
29 Apr 2024
DTN Closing Livestock Comment 04/29 15:49 Cautious Tones Dominate Monday's Livestock Complex Heading into Tuesday's market traders may be slightly more apt to support the contracts as both pork and beef demand was slightly stronger at Monday's close. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a quiet day throughout the livestock complex as not much developed from either a technical or fundamental stance. Traders could be slightly more aggressive in the contracts on Tuesday as both pork cutout values and boxed beef prices closed higher. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.75 with a weighted average price of $89.63 on 1,095 head. July corn is down 3/4 cent per bushel and July soybean meal is up $9.60. The Dow Jones Industrial Average is up 146.43 points.