DTN Closing Livestock Comment 05/01 16:03
1 May 2024
DTN Closing Livestock Comment 05/01 16:03 Pressure Galore on the Livestock Complex Heading into Thursday's market be watching for the day's export report and any developments in the cash cattle complex. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a rough day throughout the livestock complex as the market saw pressure abound technically as fundamental support continues to lag. No substantial cash cattle trade has developed yet this week, but packer interest is expected to increase by Thursday. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.01 with a weighted average price of $92.02 on 10,684 head. July corn is up 4 cents per bushel and July soybean meal is down $2.90. The Dow Jones Industrial Average is up 87.37 points.