DTN Closing Livestock Comment 03/26 15:43
26 Mar 2019
DTN Closing Livestock Comment 03/26 15:43 Cattle Futures Continue to Move Lower Most livestock contracts saw moderate-to-firm pressure Tuesday on concerns about follow-through pressure through the end of the month. By Rick Kment DTN Analyst GENERAL COMMENTS: Moderate-to-firm pressure quickly developed throughout the livestock trade, although select contracts managed to move higher. Deferred feeder cattle contracts posted triple-digit losses following increased pressure in live cattle trade. Cash cattle markets remained at a complete standstill with no sign of asking prices or bids at this point in the week. Limited interest is expected to be seen over the next couple of days, but this may keep traders from making deals until sometime Friday. The National Daily Direct afternoon hog report was unreported due to packer submission issues at this time. Corn futures were higher in light activity with May up 2 1/2 cents per bushel. The Dow Jones Index was 140 points higher with the Nasdaq up 53 points.