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DTN Closing Livestock Comment 02/29 15:30

29 Feb 2024

DTN Closing Livestock Comment 02/29 15:30 Cattle Trade Lower while Hogs use Strong Export Support as Means to Trade Higher A strong export report helped the hog contracts close higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the cattle complex struggled to must up any technical support, but the lean hog complex thrived on the unveiling of yet another strong export report. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.02 with a weighted average price of $75.49 on 1,645 head. May corn is up 1 cent per bushel and May soybean meal is up $1.70. The Dow Jones Industrial Average is up 39.84 points.

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GreatAg® is Great American’s web-based, "real time" electronic processing system that allows agents to service and manage all aspects of crop insurance policies.

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