DTN Closing Livestock Comment 03/06 15:33
6 Mar 2023
DTN Closing Livestock Comment 03/06 15:33 Both Feeder Cattle and Live Cattle Contracts Reach New Highs It was a dynamic day for the cattle contracts as traders were willing to aggressively advance the contracts given the market's tremendous fundamental support. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a wild day for the cattle contracts as some feeder cattle and live cattle contracts both reached new contract highs. The lean hog market neglected to find the support necessary to turn its market around. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.13 with a weighted average of $77.91 on 3,957 head. May corn is down 2 3/4 cents per bushel and May soybean meal is up $12.10. The Dow Jones Industrial Average is up 45.29 points.