DTN Closing Livestock Comment 05/19 16:21
Little Support for the Livestock Contracts Thursday
Heading into Friday's market, the livestock complex is hoping the market
doesn't see much more deterioration ahead of the week's close.
DTN Livestock Analyst
Thursday wasn't a supportive day for the livestock complex. The nearby live
cattle contracts were able to post a mild recovery, but the deferred contracts
still closed lower as consumer demand remains questionable. Hog prices closed
lower on the Daily Direct Afternoon Hog Report, down $1.18 with a weighted
average of $110.51 on 7,997 head. July corn is up 1 3/4 cents per bushel and
July soybean meal is up $11.30. The Dow Jones Industrial Average is down 236.94
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