DTN Closing Livestock Comment 05/20 16:07
Cattle Lower While Hogs Grow Stronger Friday
Friday's market was a mixed bag as for the cattle contracts -- it couldn't
end soon enough, but for the lean hog complex support was easily found.
DTN Livestock Analyst
While the cattle contracts kept with their descend through closing Friday,
the lean hog complex opted to grow stronger as the day traded on. Hog prices
closed higher on the Daily Direct Afternoon Hog Report, up $2.46 with a
weighted average of $112.97 on 7,040 head. July corn is down 4 1/2 cents per
bushel and July soybean meal is up $4.60. The Dow Jones Industrial Average is
down 49.67 points.
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