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DTN Closing Livestock Comment 04/18 15:52
Hog Price Down, Cattle See Support Through Thursday
Heading into Friday's trade, be prepared for the afternoon's Cattle on Feed
report and watch for any cash cattle trade that develops.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed as traders were willing to advance the
cattle contracts but not the hog complex following Thursday's disappointing
export sales report. Still, no cash cattle trade developed. Hog prices closed
higher on the Daily Direct Morning Hog Report, up $0.65 with a weighted average
price of $89.78 on 3,462 head. May corn is down 3 1/2 cents per bushel and May
soybean meal is down $0.70. The Dow Jones Industrial Average is up 22.07 points.
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