DTN Closing Livestock Comment 05/09 15:53
9 May 2024
DTN Closing Livestock Comment 05/09 15:53 Demand Continues to Lag on Thursday Heading into Friday's trade be on the lookout for any developments in the cash cattle market and the morning's WASDE report ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday's trade was largely disappointing as the market saw livestock contracts close lower as consumer demand isn't developing as traders hoped. The cash cattle market still hasn't seen much trade develop, but some live sales were reported in Texas at $185, $1 higher than last week's weighted average. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.44 with a weighted average price of $89.35 on 1,481 head. July corn is down 2 cents per bushel and July soybean meal is down $5.60. The Dow Jones Industrial Average is up 331.37 points.