DTN Closing Livestock Comment 05/27 16:03
Livestock Captures Mixed-to-Lower Trends Ahead of Memorial Day Weekend
Heading into next week's trade, seeing follow-through support from meat
sales will be important for both the pork and beef markets.
DTN Livestock Analyst
Heading into the long weekend, the livestock complex closed mixed as
traders' support was touch and go, and largely, the market agreed to let next
week's complex sort out the fine details. Hog prices closed lower on the Daily
Direct Afternoon Hog Report, down $1.67 with a weighted average of $109.68 on
4,736 head. July corn is up 12 1/4 cents per bushel and July soybean meal is up
$4.10. The Dow Jones Industrial Average is up 575.77 points.
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