DTN Livestock Closing: Cash Trade Headed Lower

Cattle feeding. Photo: ©Debra L Ferguson

Livestock Board Closes Higher, Cash Trade Heads Lower

Thursday was able to muster up support midmorning and carried the positive movement through closing.

GENERAL COMMENTS:

Thursday was a positive day for the board as all three markets closed higher, but the two cash markets teetered lower. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.82 with a weighted average of $32.97 on 6,617 head sold. July corn is up 5 cents per bushel and July soybean meal is up $3.50. The Dow Jones Industrial Average is up 11.93 points and NASDAQ is down 67.10 points.

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