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DTN Closing Livestock Comment 04/01 16:10

1 Apr 2020
DTN Closing Livestock Comment 04/01 16:10 Futures Head Into Thursday With Expanded Limits Wednesday was a brutal trading day; all three livestock futures markets closed limit lower. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday could be another tough day as pressure looms over livestock contracts and support for the board is absent, putting cash prices in a tough spot. Hog prices are significantly lower on the National Direct Afternoon Hog Report, down $4.63 with a weighted average of $48.55. May corn is down 6 cents per bushel and May soybean meal is down $6.60. The Dow Jones Industrial Average is down 973.65 points and NASDAQ is down 339.52 points.