DTN Closing Livestock Comment 03/24 15:43
24 Mar 2023
DTN Closing Livestock Comment 03/24 15:43 Live Cattle and Lean Hogs Close Higher Friday It was refreshing to see some of the livestock contracts close higher after another week when the livestock contracts were pressured by external factors. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS Traders seemed to have a change of heart with Friday's market as both the live cattle and lean hog contracts closed mostly higher. However, the $0.09 to $0.12 gain in the corn complex kept feeders from jumping on the bandwagon and enjoying a higher close themselves. Hog prices closed lower on the Daily Direct Afternoon hog report, down $0.13 with a weighted average of $76.58 on 6,851 hogs. May corn closed up 11 1/4 at $6.43 and May soybean meal closed up $6.80 at $445.1. The Dow Jones Industrial Average is up 132.28 at 32,237.53.