DTN Closing Livestock Comment 03/05 16:03
5 Mar 2020
DTN Closing Livestock Comment 03/05 16:03 Lean Hogs Close Higher, Cattle Contracts Close Lower Thursday Cattle contracts dipped lower again and cash trade developed significantly lower. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Cattle contracts had another tough go into Thursday's closing bell, but the lean hog market was able to triumph two wins -- a higher close on the board and a higher afternoon cash market. Hog prices are higher on the National Direct Afternoon Hog Report, up $0.50 with a weighted average of $51.13. May corn is down 3 1/4 cents per bushel and May soybean meal is down $5.00. The Dow Jones Industrial Average is down 969.58 points and NASDAQ is down 279.49 points.