Northern Crops Marketing & Investments, Ltd.

Livestock Return to Menu - Page 1 2 3 4 5 7 8 10 11 12 13

DTN Closing Livestock Comment 04/24 16:13
   HPAI News Scares the Cattle Complex Lower

   Traders again sent the cattle contracts trading lower as they reacted
negatively to the announcement that traces of the HPAI virus had been found in
milk despite the CDC still stating that risk to humans remains low.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex fell victim to yet another day of lower closes thanks
to more developments seen in the HPAI virus story. A little cash cattle trade
was reported in the South at $182, which is steady with last week's weighted
average. Hog prices closed lower on the Daily Direct Afternoon hog report, down
$0.36 with a weighted average of $91.49 on 4,288 hogs. May corn closed down 5
1/4 at $4.378 and July soybean meal closed up $3.10 at $349.2. The Dow Jones
Industrial Average is down 42.77 at 38,460.92.

For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.