DTN Livestock Close: Contracts Head Into Weekend Disappointed

Texas A&M AgriLife Extension Service photo by Adam Russell

The board came into the week strong, but interest dwindled and all three livestock contracts closed the week fully lower.

GENERAL COMMENTS:

Heading into the weekend doesn’t leave livestock enthusiasts many warm and fuzzy feelings as the board closed sharply lower and the havoc of the coronavirus doesn’t seem to be lessening.

Hog prices are lower on the National Direct Afternoon Hog Report, down $0.77 with a weighted average of $58.07. May corn is down 2 3/4 cents per bushel and May soybean meal is up $0.20.

The Dow Jones Industrial Average is down 493.99 points and NASDAQ is down 151.46 points.

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