DTN Closing Livestock Comment 04/26 16:02
Cash Cattle Sales Keep Cattle Contracts Higher Through Friday's Close
The livestock complex closed mixed Friday with cattle rallying on strong
cash cattle sales while the hog complex again struggled to find support as
summer demand remains in question.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Even though the lean hog complex closed lower as concerns about summer
demand pressured its market, the cattle complex rallied through the day without
a hitch. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up
$1.67 with a weighted average price of $90.38 on 1,799 head. July corn is down
2 cents per bushel and July soybean meal is down $2.90. The Dow Jones
Industrial Average is up 153.86 points.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
|
