DTN Closing Livestock Comment 04/20 16:17
Livestock Contracts Savor the Victory of a Fully Higher Close
Even though the corn market closed higher, that didn't seem to bother the
cattle contracts as they closed higher right alongside the bullish lean hog
DTN Livestock Analyst
It was a rather impressive day throughout the livestock sector, as nearly
the entire complex closed higher, and the market's fundamentals are aligning
for a strong trade later in the week as well. Hog prices closed higher on the
National Direct Afternoon Hog Report, up $1.14 with a weighted average of
$106.08 on 6,205 head. May corn is up 14 1/2 cents per bushel and July soybean
meal is up $3.40. The Dow Jones Industrial Average is down 256.33 points and
NASDAQ is down 128.50 points.
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