DTN Closing Livestock Comment 05/11 16:04
11 May 2022
DTN Closing Livestock Comment 05/11 16:04 Wednesday Gathers Mixed Signals Throughout Livestock Contracts Heading into Thursday's trade, be ready for a busy day with export sales, a WASDE report and the latest carcass data all being released. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday's market was a mixed bag for the livestock complex. The feeder cattle market was pushed lower by the onset of modest rally in the corn complex. The live cattle market closed higher but boxed beef prices rounded out the day lower and the cash market didn't see much interest, and the lean hog complex had another day of good sales in the cash market, but both the board and pork cutout values neglected to find support ahead of closing. Heading into Thursday's market be prepared for a busy day with export sales, the latest WASDE report and carcass weights all being released. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.81 with a weighted average of $108.29 on 9,156 head. July corn is up 13 1/4 cents per bushel and July soybean meal is down $3.60. The Dow Jones Industrial Average is down 326.63 points.