DTN Closing Livestock Comment 03/29 16:12
29 Mar 2023
DTN Closing Livestock Comment 03/29 16:12 Buyers Warm to Cattle, Stay Cold for Hogs Ahead of Thursday's USDA Report Prices of cattle and feeder cattle were generally higher Wednesday, posting a fourth consecutive higher close in June live cattle. June lean hogs, on the other hand, fell negative for the week with bearish concerns about what USDA might say in Thursday's inventory report. Todd Hultman DTN Lead Analyst GENERAL COMMENTS Active futures contracts were higher for live cattle and feeders Wednesday, helped by an easing of concerns about the banking sector. June lean hogs fell $1.90, showing concerns about a possibility of higher-than-expected hog and pig inventories in Thursday's USDA report.