DTN Closing Livestock Comment 04/15 16:10
15 Apr 2020
DTN Closing Livestock Comment 04/15 16:10 Slow, Steady Support Gradual movements in the marketplace are like fine music to a musician or like an easy feeding cross-bred steer to a feeder -- perfect, ideal and just what the market needs. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex had a successful Wednesday as most of the contracts were able to close steadily higher. It's a win for the day but cash prices for cattle are still up in the air, and cash hog prices continue to trade lower. Hog prices were lower on then National Direct Afternoon Hog Report, down $1.36 with a weighted average of $34.08 on 6,433 head sold. May corn is down 6 3/4 cents per bushel and May soybean meal is up $4.70. The Dow Jones Industrial Average is down 445.41 points and NASDAQ is down 122.56 points.