DTN Livestock Closing: Good Week for Cattle

    Photo: Blair Fannin, Texas AgriLife Extension

    The Week the Cattle Market Desperately Needed

    This past week gave the livestock sector an opportunity to rally and, even though the cattle contracts closed lower Friday afternoon, the market made stark advancements throughout the week.

    GENERAL COMMENTS:

    The cattle contracts may have closed lower Friday afternoon, but that doesn’t take anything away from the amazing rally this past week. The lean hog contracts held their ground and continued to rally, closing out Friday’s trade mostly higher. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.80 with a weighted average of $100.21 on 8,411 head. May corn is down 2 1/2 cents per bushel and May soybean meal is down $5.60. The Dow Jones Industrial Average is up 297.03 points and NASDAQ is up 70.87 points.

    The Latest


    Send press releases to Ernst@Agfax.com.

    View All Events


    Send press releases to Ernst@Agfax.com.

    View All Events