DTN Closing Livestock Comment 05/26 15:26
June, August Live Cattle Contracts Score New Highs Ahead of Weekend
The rallying nature of the cash cattle market helped keep the live cattle
contracts trading higher through Friday's end while both the lean hog and
feeder cattle contracts waned lower.
DTN Livestock Analyst
The live cattle complex rounded out the week strong while the lean hog and
feeder cattle markets both closed lower. Hog prices closed lower on the Daily
Direct Afternoon Hog Report, down $3.77 with a weighted average of $75.69 on
4,185 head. July corn is up 13 1/4 cents per bushel and July soybean meal is up
$5.00. The Dow Jones Industrial Average is up 328.69 points.
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