DTN Closing Livestock Comment 03/05 15:56
5 Mar 2024
DTN Closing Livestock Comment 03/05 15:56 Cattle Recover What Monday Lost Heading into Wednesday's market bids are likely to begin to surface in both regions, but trade could be delayed until Thursday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a positive day for the cattle complex as the markets were able to regain the position in which Monday's market lost -- but the same positivity wasn't noted in the hog complex. Bids were offered in the North at $182 but no cattle traded. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.47 with a weighted average price of $74.63 on 5,557 head. May corn is down 3 3/4 cents per bushel and May soybean meal is down $3.60. The Dow Jones Industrial Average is down 404.64 points.