DTN Livestock Closing: Rounding Out a Strenuous Week

    Photo: Blair Fannin, Texas AgriLife Extension

    Looking to next week’s trade, the cattle market is hopeful corn prices hold at least steady and the board will shine some opportunity back into the market.

    GENERAL COMMENTS:

    It surely wasn’t the week any livestock enthusiast had hoped for as the live cattle, feeder cattle and lean hog futures were all pressured multiple times to trade lower. Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.71 with a weighted average of $104.49 on 9,185 head. May corn is down 4 1/2 cents per bushel and July soybean meal is down $0.10. The Dow Jones Industrial Average is up 164.68 points and NASDAQ is up 13.58 points.

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