DTN Closing Livestock Comment 03/21 15:47
21 Mar 2024
DTN Closing Livestock Comment 03/21 15:47 Cash Cattle Trade $2 to $4 Higher Thursday Cash cattle finally began to trade, and so far Southern live cattle have sold for $188 and Northern dressed cattle have traded for $302. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: One would have thought the cash cattle market's $2-to-$4-higher trade would send cattle contracts higher, but traders were uncomfortable with doing anything besides trading lower. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.94 with a weighted average price of $80.30 on 4,053 head. May corn is up 1 3/4 cents per bushel and May soybean meal is up $1.80. The Dow Jones Industrial Average is up 288.83 points.