DTN Closing Livestock Comment 05/30 15:41
30 May 2024
DTN Closing Livestock Comment 05/30 15:41 Hogs Find Support by Thursday's Close Heading into Friday's market, be prepared for the morning's export report and be ready for more cash cattle trade to develop. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The lean hog complex was the only livestock market able to close slightly higher as the market has seemed to find a bottom for its current move. Meanwhile both the live cattle and feeder cattle markets closed lower as traders patiently waited for some fundamental support to develop throughout the day's trade, but unfortunately, none surfaced. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.69 with a weighted average price of $87.36 on 3,189 head. July corn is down 6 1/2 cents per bushel and July soybean meal is down $5.50. The Dow Jones Industrial Average is down 358.77 points.