DTN Closing Livestock Comment 03/20 16:04
20 Mar 2024
DTN Closing Livestock Comment 03/20 16:04 Livestock Contracts Continue in Sideways Trend on Wednesday The livestock complex again traded lower as the market desperately needed fundamental reassurance. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another boring day for the livestock complex as traders again let contracts drift lower as they patiently waited for fundamental support to develop. Cash cattle interest should improve on Thursday. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.46 with a weighted average price of $81.24 on 3,569 head. May corn is down 1/2 cent per bushel and May soybean meal is up $8.60. The Dow Jones Industrial Average is up 401.37 points.