DTN Closing Livestock Comment 03/26 15:47
26 Mar 2024
DTN Closing Livestock Comment 03/26 15:47 Cattle Close Sharply Lower as Fear and Anxiousness Set into Traders' Minds Heading into Wednesday's market packer interest should improve and hopefully the live cattle and feeder cattle level out and find stability. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mentally exhausting day watching the livestock complex trade as the cattle complex ran sharply lower as concerns, fear and nervousness set into traders' minds with HPAI currently affecting some dairy cows in the Southern Plains. The hog complex was able to maintain most of its position and continues to look forward to Thursday's Quarterly Hogs and Pigs report. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.54 with a weighted average price of $80.63 on 5,309 head. May corn is down 5 1/4 cents per bushel and May soybean meal is down $1.90. The Dow Jones Industrial Average is down 31.31 points.