DTN Closing Livestock Comment 03/13 15:28
13 Mar 2024
DTN Closing Livestock Comment 03/13 15:28 Feedlots Pressure Packers for More Money Heading into Thursday's trade, pay special attention to the morning's export report and the cash cattle market as trade could begin to develop. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a supportive day for the cattle complex as both the live cattle and feeder cattle markets were able to close higher as traders hope that the cash cattle market's willpower doesn't weaken. Meanwhile, the market wasn't as fruitful for the hog complex as traders weren't able to advance the market following Tuesday's higher end. Hog prices closed higher on the Daily Direct Morning Hog report, up $0.92 with a weighted average price of $78.27 on 5,276 head. May corn is down 1/2 cent per bushel and May soybean meal is down $2.80. The Dow Jones Industrial Average is up 37.83 points.