DTN Closing Livestock Comment 03/28 15:35
28 Mar 2023
DTN Closing Livestock Comment 03/28 15:35 Live Cattle Keep Their Momentum Through Closing Tuesday With the strong momentum continuing in the live cattle complex, cash cattle trade could be higher this week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS Overall, the livestock complex had a mixed day following Monday's wild success, as traders weren't as aggressive in Tuesday's market. The live cattle complex was able to close the day out higher, but that's largely due to the onset of strength in boxed beef prices. Hog prices closed lower on the Daily Direct Afternoon hog report, down $0.20 with a weighted average of $75.64 on 11,025 hogs. May corn closed down 1 cent at $6.473, and May soybean meal closed up $11.90 at $457.9. The Dow Jones Industrial Average was down 37.83 at 32,394.25.