DTN Closing Livestock Comment 05/17 15:42
17 May 2024
DTN Closing Livestock Comment 05/17 15:42 : Cash Cattle Prices Jump $2 to $5 Higher Feedlots' determination to advance this week's cash cattle market paid off as prices were $2.00 to $5.00 higher than last week's weighted average. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was an invigorating day for the cattle complex as cash prices, boxed beef prices and the futures contracts all closed higher. Meanwhile the lean hog market didn't see the same level of support as demand is in question. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.76 with a weighted average price of $88.57 on 2,669 head. July corn is down 4 1/2 cents per bushel and July soybean meal is up $1.10. The Dow Jones Industrial Average is up 119.82 points.