DTN Closing Livestock Comment 04/25 16:01
25 Apr 2022
DTN Closing Livestock Comment 04/25 16:01 Livestock Futures Plummet Lower Monday Heading into Tuesday's trade, the cash cattle market expects to see bids come in from packers. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tough way to start out the week for the livestock complex as all of the contracts closed sharply lower. The big question laying ahead for the rest of the week to answer is: How will the cash cattle market perform through this? Showlists are still favorable to feedlots, but the board doesn't look like it's got much of a backbone for now anyways. Hog prices closed $0.64 higher on the Daily Direct Afternoon Hog Report, averaging $99.77 on 4,180 head. July corn is up 9 cents per bushel and July soybean meal is down $6.50. The Dow Jones Industrial Average is up 238.06 points.