DTN Closing Livestock Comment 04/29 15:57
29 Apr 2022
DTN Closing Livestock Comment 04/29 15:57 Friday Pushes the Livestock Contracts Sharply Lower Livestock enthusiasts are hopeful that Monday's market finally finds support. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tough close for the livestock complex as traders sent the contracts trailing lower and the cash markets saw little to no interest. Heading into next week's trade, all eyes will be on the contracts to see how much more downside lays within this move. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.43 with a weighted average of $100.14 on 4,367 head. June lean hogs are down $4.60 at $106.375, July corn is steady and July soybean meal is up $2.20. The Dow Jones Industrial Average is down 939.18 points.