DTN Closing Livestock Comment 05/11 16:25
11 May 2021
DTN Closing Livestock Comment 05/11 16:25 Feeder Cattle Hold Onto Gains Amid a Higher Corn Close The feeder cattle complex stood its ground and defended its higher trade, even though the corn market closed modestly higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Tuesday's trade wasn't kind to the lean hog market, but the cattle contracts had another strong day even though the corn market tried to pressure the contracts into trading lower early in the afternoon. Hog prices are unavailable on the National Direct Afternoon Hog Report due to technical issues at UDSA. July corn is up 10 1/2 cents per bushel and July soybean meal is up $4.70. The Dow Jones Industrial Average is down 473.66 points and NASDAQ is down 12.43 points.