DTN Closing Livestock Comment 05/04 15:47
4 May 2023
DTN Closing Livestock Comment 05/04 15:47 Cattle Find Some Relief Before Closing Thursday Heading into Friday's market, livestock enthusiasts are praying that as little downside pressures will affect the market as possible. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a back-and-forth day for the livestock complex as traders tried to manage the external pressures that loom above the livestock complex, but that pressure did cause the market some grief. Thankfully, before closing, however, both the live cattle and feeder cattle contracts were able to find some mild support. Hog prices closed lower on the Daily Direct Afternoon hog report, down $1.34 with a weighted average of $71.99 on 4,945 hogs. July corn closed up 1/2 at $5.89 and July soybean meal closed down $0.30 at $424.6. The Dow Jones Industrial Average is down 286.50 at 33,127.74.