DTN Closing Livestock Comment 05/15 15:52
15 May 2023
DTN Closing Livestock Comment 05/15 15:52 Livestock Closes Higher Monday Monday ended up treating the livestock complex well as all three of the markets closed higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday ended up being an extremely supportive day for the livestock complex as all three of the livestock markets closed higher. So long as demand remains supportive for both the pork and beef markets throughout the week, the contracts stand a chance at keeping this upward momentum. Hog prices were again unavailable on the Daily Direct Afternoon Hog Report due to confidentiality issues. However, we could see that 3,225 head have traded and that the market's five-day rolling average now sits at $76.32. July corn is up 6 1/4 cents per bushel and July soybean meal is down $2.00. The Dow Jones Industrial Average is up 47.98 points.