DTN Closing Livestock Comment 03/15 15:33
15 Mar 2024
DTN Closing Livestock Comment 03/15 15:33 Livestock Contracts Charge Higher Through Friday With ample fundamental support, the entire livestock complex was able to close substantially higher by Friday's end. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex charged through Friday's end as the market capitalized on the strength it had before heading into the weekend. Southern live cattle traded at $186 which is $1.00 higher than last week's weighted average, and Northern dressed cattle traded for $298 which is $4.00 higher than last week's weighted average. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.24 with a weighted average price of $79.94 on 3,035 head. May corn is up 3 cents per bushel and May soybean meal is down $2.70. The Dow Jones Industrial Average is down 190.10 points.