DTN Closing Livestock Comment 04/27 16:52
27 Apr 2022
DTN Closing Livestock Comment 04/27 16:52 A Spike in Corn Sends Cattle Spiraling Lower Cattle are hopeful that Thursday will yield a supportive export report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: With the nearby corn contracts printing over $8.00 per bushel, both the live cattle and feeder cattle contracts dipped lower by Wednesday's close. The lean hog complex continues to yearn for strong consumer demand, but the market just isn't seeing the support it needs for it nearby contracts. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.70 with weighted average of $104.73 on 8,930 head. July corn is up 10 3/4 cents per bushel and July soybean meal is up $4.00. The Dow Jones Industrial Average is up 61.75 points.