DTN Closing Livestock Comment 04/23 15:57
23 Apr 2024
DTN Closing Livestock Comment 04/23 15:57 Hogs and Feeder Cattle Close Higher, While Live Cattle Walk Backwards The live cattle complex wasn't as brave through Tuesday's market as traders want more fundamental support before they advance the complex any higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the lean hog and feeder cattle contracts closed higher, but the live cattle market ended the day lower. No cash cattle trade has developed and won't likely until Thursday or Friday. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.54 with a weighted average price of $91.85 on 4,249 head. May corn is up 3 1/4 cents per bushel and July soybean meal is up $1.30. The Dow Jones Industrial Average is up 263.71 points.