DTN Closing Livestock Comment 05/09 16:02
9 May 2022
DTN Closing Livestock Comment 05/09 16:02 Livestock Market Waiting for Direction Monday didn't amount to much for the livestock complex as the contracts drifted lower from a lack of support. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a lower trending day for the livestock complex as traders let the day pass by without feeling the need to jump into any of the markets. The cash cattle market remains a gamble and it's likely that trade doesn't develop until Wednesday or later this week. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $4.85 with a weighted average of $106.83 on 6,621 head. July corn is down 12 3/4 cents per bushel and July soybean meal is down $10.80. The Dow Jones Industrial Average is down 653.67 points.