DTN Closing Livestock Comment 04/01 16:10
Futures Head Into Thursday With Expanded Limits
Wednesday was a brutal trading day; all three livestock futures markets
closed limit lower.
By ShayLe Stewart
DTN Livestock Analyst
Thursday could be another tough day as pressure looms over livestock
contracts and support for the board is absent, putting cash prices in a tough
spot. Hog prices are significantly lower on the National Direct Afternoon Hog
Report, down $4.63 with a weighted average of $48.55. May corn is down 6 cents
per bushel and May soybean meal is down $6.60. The Dow Jones Industrial Average
is down 973.65 points and NASDAQ is down 339.52 points.
DTN offers additional daily information available free through DTN Snapshot – sign up