DTN Closing Livestock Comment 05/22 17:04
Livestock Contracts Trade Mixed Into the Three-Day Weekend
It was a strange week for livestock contracts as the board was unwilling to
really do much of anything.
DTN Livestock Analyst
A three-day weekend might be exactly what livestock contracts need. Seeming
to be weighed down by the mess of COVID-19, livestock contracts aren't able to
do much of anything until the backlog of cattle and hogs is thoroughly
processed and the market is current again. Hog prices closed lower on the
National Direct Afternoon Hog Report, down $0.68 with a weighted average of
$38.68 on 4,694 head. July corn is up 1/4 cent per bushel and July soybean meal
is up $1.60. The Dow Jones Industrial Average is down 8.96 points and NASDAQ is
up 39.70 points.
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