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DTN Closing Livestock Comment 04/16 16:10
Rounding Out a Strenuous Week in the Livestock Complex
Looking to next week's trade, the cattle market is hopeful corn prices hold
at least steady and the board will shine some opportunity back into the market.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It surely wasn't the week any livestock enthusiast had hoped for as the live
cattle, feeder cattle and lean hog futures were all pressured multiple times to
trade lower. Hog prices closed higher on the National Direct Afternoon Hog
Report, up $1.71 with a weighted average of $104.49 on 9,185 head. May corn is
down 4 1/2 cents per bushel and July soybean meal is down $0.10. The Dow Jones
Industrial Average is up 164.68 points and NASDAQ is up 13.58 points.
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