DTN Closing Livestock Comment 05/02 15:58
2 May 2024
DTN Closing Livestock Comment 05/02 15:58 USDA's Negative Finding of H5N1 in Ground Beef Sends the Cattle Contracts Sharply Higher Heading into Friday's market, the Southern Plains should see packer interest improve and trade cattle. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle complex saw the biggest support throughout Thursday's complex as the USDA's announcement about finding no traces of avian influenza in ground beef was a major victory for the industry. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.24 with a weighted average price of $91.78 on 2,378 head. July corn is up 9 cents per bushel and July soybean meal is up $15.90. The Dow Jones Industrial Average is up 322.37 points.