DTN Closing Livestock Comment 05/03 15:33
3 May 2023
DTN Closing Livestock Comment 05/03 15:33 A Swing and a Miss for Livestock Market Wednesday Heading into Thursday's market, all eyes will be eager to see what the week's export report shares as some positive news would be warmly welcomed. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a lousy day for most of the livestock complex. The futures contracts closed mostly lower and fundamentally the markets weren't supported by pork/beef demand nor cash trade. If Thursday can present a strong export sales report, that could help the market's moral. Hog prices closed lower on the Daily Direct Afternoon hog report, down $0.56 with a weighted average of $73.33 on 8,795 hogs. July corn closed up 8 1/2 at $5.885 and July soybean meal closed down $3.00 at $424.9. The Dow Jones Industrial Average is down 270.29 at 33,414.24.