DTN Closing Livestock Comment 03/11 16:14
11 Mar 2020
DTN Closing Livestock Comment 03/11 16:14 Cattle Contracts Slide Sharply Lower Wednesday Wednesday did the livestock sector no favors as cattle contracts tested new lows. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: As the market continues to spiral lower, the questions of "how much more" sifts through everyone's mind. Wednesday felt enormous pressure to trade lower and drove multiple contracts to establish new lows. Cattle contracts suffered far worse than the lean hog market did through Wednesday's close. Hog prices close higher on the National Direct Afternoon Hog Report, up $1.34 with a weighted average of $53.96. May corn is down 3 cents per bushel and May soybean meal is down $0.30. The Dow Jones Industrial Average is down 1,464.94 points and NASDAQ is down 392.20 points.