DTN Closing Livestock Comment 02/25 16:16
25 Feb 2022
DTN Closing Livestock Comment 02/25 16:16 Live Cattle, Lean Hogs Close Lower as Traders Check Out Heading into Monday's trade, the market longs for answers. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: As the world absorbs changes and developments of all sorts, the markets are left to do one thing -- trade. Sometimes that trade wavers, sometimes that trade reacts and sometimes that trade carries on strong, without missing a beat. The war between Russia and Ukraine has undeniably disturbed our markets, but for how long and to what degree remain the unanswered questions. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.35 with a weighted average of $87.78 on 3,153 head. May corn is down 34 1/2 cents per bushel and May soybean meal is down $12.90. The Dow Jones Industrial Average is up 834.92 points and NASDAQ is up 221.04 points.