DTN Closing Livestock Comment 04/10 15:26
10 Apr 2023
DTN Closing Livestock Comment 04/10 15:26 Livestock Complex Drives Higher Through Monday's Market Heading into Tuesday's market, all eyes will be on the midmorning WASDE report as both cattle and hog fans try to better understand both the price and demand outlooks for the year. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was another stellar day for the livestock complex as not even higher corn prices could tame the momentum seen in the livestock sector. Heading into Tuesday's market, it will be interesting to see how corn prices affect the feeder cattle complex, especially given that no cash cattle trade has developed for the market to find support in yet. Hog prices closed higher on the Daily Direct Afternoon hog report, up $0.31 with a weighted average of $70.92 on 3,693 hogs. May corn closed up 10 1/2 at $6.54 and May soybean meal closed down $3.60 at $450.7. The Dow Jones Industrial Average is up 101.23 at 33,586.52.