DTN Livestock Closing: Cattle Contracts Slip Lower Through Closing

As the market wraps up another week, weekly averages shift lower as the futures complex was pressured.

GENERAL COMMENTS:

Livestock contracts closed the week mostly lower, and with anticipation that on the cattle side of things, prices are going to get cheaper before they go higher. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.83 with a weighted average of $32.14 on 5,626 head sold. July corn is up 2 1/4 cents per bushel and July soybean meal is down $0.70. The Dow Jones Industrial Average is up 829.16 points and NASDAQ is up 198.27 points.

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