DTN Closing Livestock Comment 04/05 15:39
5 Apr 2023
DTN Closing Livestock Comment 04/05 15:39 Cattle Find Traction Wednesday Feedlots were offered bids throughout the day in the South, but strategically left those bids on the table as they're after higher prices again this week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a mixed day for the futures complex with both the live cattle and feeder cattle markets trading higher while the lean hog complex trailed lower. Come Thursday, the market's focus will be on export data and any developments in the cash cattle arena. Hog prices closed lower on the Daily Direct Afternoon hog report, down $0.80 with a weighted average of $71.58 on 7,830 hogs. May corn closed down 1 cent at $6.528 and May soybean meal closed down $6.80 at $450.6. The Dow Jones Industrial Average is up 80.34 at 33,482.72.