DTN Closing Livestock Comment 04/15 16:17
Thursday Extended No Grace to the Livestock Contracts
It was a brutal day for the livestock complex as the entire market closed
lower without much support to drive any of the contracts higher.
DTN Livestock Analyst
It was a rough day for the livestock contracts. The lean hog market tumbled
upon seeing a marketing year low export report. The feeder cattle contracts are
queasy at the thought of their cost of gains amid $120 fat cattle prices. And
the cash cattle market disappointed many as trade developed for only $0.50 to
$1.00 higher Thursday afternoon. Hog prices closed higher on the National
Direct Afternoon Hog Report, up $1.43 with a weighted average of $102.78 on
7,540 head. May corn is down 4 cents per bushel and May soybean meal is up
$3.70. The Dow Jones Industrial Average is up 305.10 points and NASDAQ is up
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