DTN Closing Livestock Comment 05/16 16:04
16 May 2022
DTN Closing Livestock Comment 05/16 16:04 Beef and Pork Cuts See Support by Monday's Close Monitoring boxed beef prices and pork cutout values will be important to the market's success throughout the remainder of the week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a good day for the live cattle and lean hog contracts, as both markets saw aggressive processing speeds throughout Monday, and both pork and boxed beef prices closed higher. The feeder cattle complex couldn't look past the corn market's advancement and rounded out the day fully lower. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.17 with a weighted average of $101.64 on 3,013 head. July corn is up 28 1/4 cents per bushel and July soybean meal is up $4.30. The Dow Jones Industrial Average is up 26.76 points.