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DTN's weekly livestock analysis reports June live cattle closed $7.525 lower at $114.65 after hitting a new contract low, and August feeder cattle fell $9.525 to $142.10. June lean hogs rose $1.20 to $78.825 but remain in a short-term downtrend.
Soybean meal July closed $16 higher at $314.60.
Breaking contract lows and testing long-term support indicate bearish momentum in cattle markets that could extend if support fails. Soybean meal's weekly gain supports feed-protein costs.
dtnpf.comDarin NewsomApr 25, 2016Not 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.
DTN weekly analysis shows June live cattle down $7.525 to a new contract low, covering the selloff that carried into the April 25 session.
