DTN Closing Livestock Comment 04/16 15:37
16 Apr 2024
DTN Closing Livestock Comment 04/16 15:37 Cattle Continue to Inch Higher It was another strong day for the livestock complex as all three markets closed higher thanks to ample trader interest. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a good day for the livestock complex as all three markets closed higher. Heading into Wednesday we'll be looking to see how pork cutout values fair and if the cattle complex is again able to move future away from the market's support plane at $172.00. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $3.33 with a weighted average price of $89.04 on 3,192 head. May corn is down 1/2 cent per bushel and May soybean meal is down $3.20. The Dow Jones Industrial Average is up 63.86 points.