DTN Closing Livestock Comment 04/22 16:29
22 Apr 2022
DTN Closing Livestock Comment 04/22 16:29 Cattle Slide Lower Ahead of Friday's Close, but No One's Complaining Heading into Monday, it will be interest to see how cattlemen and traders alike absorb Friday's USDA April 1 Cattle on Feed report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Friday came and went, and though the cattle contracts would have liked to round out the week on a higher note, no one is complaining after the week the market just had. The lean hog complex closed higher in its nearby contracts, but what was even more impressive is the movement that pork cutouts had. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $6.91 with a weighted average of $99.13 on 3,197 head. July corn is down 6 1/4 cents per bushel and July soybean meal is down $11.80. The Dow Jones Industrial Average is down 981.36 points.