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DTN Closing Livestock Comment 04/19 16:09

19 Apr 2021
DTN Closing Livestock Comment 04/19 16:09 Cattle and Lean Hogs Close Starkly Different The cattle contracts flounder through Monday's trade while the lean hog contracts didn't bat an eye at shooting higher at Monday's earliest opportunity. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts may have had another rough day, but the lean hog contracts didn't let than rain on their ambitious market. As corn prices keep creeping higher, the cattle contracts continue to wane lower, but the lean hog market took Monday with a bold grasp and rallied significantly higher. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.45 with a weighted average of $104.94 on 6,311 head. May corn is up 6 1/2 cents per bushel and July soybean meal is up $4.90. The Dow Jones Industrial Average is down 123.04 points and NASDAQ is down 137.58 points.