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DTN Closing Livestock Comment 04/14 16:10

14 Apr 2021
DTN Closing Livestock Comment 04/14 16:10 Cattle Close Lower as Traders Are Hesitant The live cattle complex would have loved the opportunity to close higher, but know that strategic planning on the cash cattle market side of things will greatly affect their ability to trade either higher or lower later in the week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a positive day for the lean hog market once again as the futures complex closed higher amid a slightly lower close in pork cutout value. Looking to Thursday's trade, both the cattle and hog markets are anxious to see the week's export report and hope that it can share some positive news. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.20 with a weighted average of $101.35 on 12,530 head. May corn is up 14 cents per bushel and May soybean meal is up $3.20. The Dow Jones Industrial Average is up 53.62 points and NASDAQ is down 138.26 points.