DTN Closing Livestock Comment 04/11 15:26
11 Apr 2023
DTN Closing Livestock Comment 04/11 15:26 New Contract Highs Dominate the Cattle Complex Heading into Wednesday's market, cash cattle bids could become available. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS It was a rallying day for the live cattle and feeder cattle contracts as the markets were thrilled to see the bullish nature of Tuesday's WASDE report, but unfortunately the report didn't have the same encouraging news to share with pork producers. Hog prices closed lower on the Daily Direct Afternoon hog report, down $0.33 with a weighted average of $70.59 on 8,809 hogs. May corn closed down 3 at $6.51 and May soybean meal closed up $7.10 at $457.8. The Dow Jones Industrial Average is up 98.27 at 33,684.79.