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DTN's weekly technical analysis showed August live cattle closing $6.20 lower at $98.225 and August feeder cattle down $6.275 at $137.625. August lean hogs closed $0.325 lower at $76.625, and June Class III milk closed $0.20 lower at $15.66 after failing near its weekly high.
The bearish weekly closes and signs of a possible trend change in several livestock contracts point to softer livestock and dairy values. Buyers can expect weaker prices for cattle, hogs and milk if the downtrends are confirmed.
dtnpf.comDarin NewsomMay 20, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
