DTN Closing Livestock Comment 05/13 15:55
13 May 2024
DTN Closing Livestock Comment 05/13 15:55 Feeders Remain Optimistic while the Rest of the Livestock Complex Closes Lower Heading into Tuesday's market traders will again be monitoring consumer demand and interest for both beef and pork. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mostly quiet day for the livestock complex with only the feeder cattle contracts able to close higher without a hitch. With economic concerns in play, demand for both pork and beef are key factors that the market is monitoring. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.37 with a weighted average price of $89.78 on 1,472 head. July corn is up 2 3/4 cents per bushel and July soybean meal is down $5.40. The Dow Jones Industrial Average is down 81.33 points.