DTN Closing Livestock Comment 04/06 15:23
6 Apr 2023
DTN Closing Livestock Comment 04/06 15:23 Strong Fat Cattle Trade Drives Live Cattle and Feeder Cattle Markets Higher A bullish cash cattle market allowed both the live cattle and feeder cattle contracts to rally into this week's Easter weekend. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a wild week for the cattle complex with strong gains seen late in the week. When the cash cattle market finally decided to trade, the futures complex matched the cash cattle market's energy. Hog prices closed lower on the Daily Direct Afternoon hog report, down $0.72 with a weighted average of $70.86 on 6,305 hogs. May corn closed down 9 1/4 at $6.435 and May soybean meal closed up $3.70 at $454.3. The Dow Jones Industrial Average is up 2.57 at 33,485.29.