0
0
0
 

 
Printable Page Livestock   Return to Menu - Page 1 2 3 4 5 7 8 10 11 12 13
 
 
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.

ShayLe Stewart
DTN Livestock Analyst

   GENERAL COMMENTS:

   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
180.92 points.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN