DTN Closing Livestock Comment 03/17 16:10
17 Mar 2021
DTN Closing Livestock Comment 03/17 16:10 Truth Be Known, Pigs Can Fly The livestock contracts had a positive day as the contracts closed mostly higher and the cash cattle market may still be able to squeak $1.00 more before the week's end. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a great day throughout the livestock complex as nearly the entire marketplace was able to close higher. The lean hog market continues to soar higher and the support that began to develop early in the day throughout the live cattle contracts helped encourage the feeder cattle contracts into trading higher as well. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.42 with a weighted average of $86.84 on 5,490 head. May corn is up 3 3/4 cents per bushel and May soybean meal is down $1.20. The Dow Jones Industrial Average is up 189.42 points and NASDAQ is up 53.63 points.