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DTN Closing Livestock Comment 02/25 16:16

25 Feb 2021
DTN Closing Livestock Comment 02/25 16:16 Thursday's Export Report Sends Live Cattle and Lean Hogs Mostly Lower It was as mixed day for the livestock sector as demand for lean hogs tries to push the market up, but both the lean hog and live cattle contracts closed mostly lower Thursday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: After seeing Thursday's bearish export report, both the live cattle and lean hog contracts scaled mostly lower, which lent an opportunity for the feeder cattle contracts to trade higher amid slightly weaker corn prices. Hog prices closed sharply higher again on the National Direct Afternoon Hog Report, up $2.24 with a weighted average of $77.94 on 12,030 head. May corn is down 7 1/4 cents per bushel and May soybean meal is down $4.30. The Dow Jones Industrial Average is down 559.85 points and NASDAQ is down 478.54 points.