DTN Closing Livestock Comment 03/18 15:56
18 Mar 2024
DTN Closing Livestock Comment 03/18 15:56 Traders Start Week Off Strong It was a rallying day for the livestock complex with all three livestock markets able to round out Monday's close higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was an impressive start to the week as most of the livestock contracts closed higher, and once again boxed beef prices closed higher, too. No cash cattle trade developed throughout the day and trade will likely be delayed until Thursday, if not even potentially Friday. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.28 with a weighted average price of $79.66 on 3,425 head. May corn is down 3/4 cent per bushel and May soybean meal is down $2.80. The Dow Jones Industrial Average is up 75.66 points.