DTN Livestock Close: Markets Rally on Lower Grains

    ©Debra L Ferguson Stock Photography

    With grain prices veering lower throughout Wednesday’s trade, the livestock contracts are taking the day’s opportunity to rally.

    GENERAL COMMENTS:

    The livestock contracts are trending higher into Wednesday afternoon as the contracts find supportive pork cutout values and eased pressure from grain prices.

    May corn is down 7 1/2 cents per bushel, and May soybean meal is down $5.60. The Dow Jones Industrial Average is down 250.21 points, and NASDAQ is down 334.28 points.

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