DTN Closing Livestock Comment 04/21 15:28
Cattle Dip Lower While Hogs Power Onward
The livestock complex ended the day mixed with the cattle contracts closing
weaker thanks to additional concern about the newfound case of New World
screwworm 60 miles from the Texas border.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed with the cattle contracts ending the day
weaker while the hog contracts kept their momentum through the day's end. Still
no cash cattle trade has developed, and the market won't likely see any cattle
trade until Thursday or Friday. May corn is up 1 3/4 cents per bushel and July
soybean meal is down $0.00. The Dow Jones Industrial Average is down 293.18
points and NASDAQ is down 144.43 points.
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