DTN Livestock Close: Futures Head Into Thursday With Expanded Limits

Photo: Adam Russell, Texas A&M AgriLife Extension Service

Wednesday was a brutal trading day; all three livestock futures markets closed limit lower.

GENERAL COMMENTS:

Thursday could be another tough day as pressure looms over livestock contracts and support for the board is absent, putting cash prices in a tough spot.

Hog prices are significantly lower on the National Direct Afternoon Hog Report, down $4.63 with a weighted average of $48.55.

May corn is down 6 cents per bushel and May soybean meal is down $6.60. The Dow Jones Industrial Average is down 973.65 points and NASDAQ is down 339.52 points.

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