Printable Page Livestock   Return to Menu - Page 1 2 3 4 5 7 8 10 11 12 13
DTN Closing Livestock Comment 04/22 16:17
   Runaway Corn Prices Don't Mix Well With Cattle Contracts

   It was a bitter day for the cattle contracts as the corn market continues to
add a new top to its rally and consequently pushes cattle contracts lower, and
lower time and time again.

ShayLe Stewart
DTN Livestock Analyst


   The corn market's rally came at a rather large expense to the cattle
contracts, and the market's lower morale even soaked into the lean hog
contracts before closing. Hog prices closed higher on the National Direct
Afternoon Hog Report, up $0.42 with a weighted average of $107.30 on 6,010
head. May corn is up 25 cents per bushel and July soybean meal is up $9.20. The
Dow Jones Industrial Average is down 321.41 points and NASDAQ is down 131.81
DTN offers additional daily information available free through DTN Snapshot – sign up today.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN