DTN Closing Livestock Comment 02/26 15:28
26 Feb 2024
DTN Closing Livestock Comment 02/26 15:28 Feeders React to the Corn Market's Higher Close The cattle complex was able to look past Friday's Cattle on Feed report, but the feeder cattle market was thrown for a loop with the corn market's higher close. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: The livestock complex rounded out Monday's trade mixed as the feeder cattle market shot lower in reaction to the corn market's higher trend, but both the live cattle and lean hog contracts closed mostly higher. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.58 with a weighted average price of $70.91 on 4,016 head. March corn is up 7 1/4 cents per bushel and May soybean meal is up $0.60. The Dow Jones Industrial Average is down 28.34 points.