DTN Closing Livestock Comment 03/06 16:10
6 Mar 2020
DTN Closing Livestock Comment 03/06 16:10 Lacking Fundamentals, Fueling Emotion Cattle contracts close fully lower while the lean hog market closed split heading into the weekend. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Livestock contracts closed mostly lower Friday afternoon as the coronavirus penetrates even further into the market's core. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.60 with a weighted average of $50.90. May corn is down 5 3/4 cents per bushel and May soybean meal is up $1.20. The Dow Jones Industrial Average is down 256.50 points and NASDAQ is down 162.98 points.