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DTN Closing Livestock Comment 04/24 15:50
Mixed Tones Followed the Livestock Complex through Friday Close
No new cash cattle trade developed throughout the day as packers secured
enough inventory on Wednesday and Thursday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed Friday afternoon, with the cattle
contracts scaling higher while the hog contracts closed lower. More than
anything, fundamental support needs to be strong next week if the contracts are
to scale any higher. July corn is down 1/4 cent per bushel and July soybean
meal is up $2.60. The Dow Jones Industrial Average is down 79.61 points and the
NASDAQ is up 398.10 points.
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