DTN Closing Livestock Comment 05/28 20:24
Cattle Contracts Close Mixed
Although Thursday started the day lower, some of the cattle contracts were
able to come back and close higher after the noon hour.
DTN Livestock Analyst
As the week turns to Friday, the futures market has rallied significantly
and it would be discouraging to see Friday throw away the progress. Cash
markets are already established so the unveiling will really come from Friday's
board to wrap the week up. Hog prices closed lower on the National Direct
Afternoon Hog Report, down $0.37 with a weighted average of $37.45 on 8,532
head sold. July corn is up 7 cents per bushel and July soybean meal is up
$2.30. The Dow Jones Industrial Average is down 147.63 points and NASDAQ is
down 43.37 points.
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