DTN Closing Livestock Comment 03/17 16:11
17 Mar 2020
DTN Closing Livestock Comment 03/17 16:11 Livestock Markets Close Higher Tuesday All three livestock contracts held onto support through closing Tuesday. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Volatility is an ugly, wretched, devious thing. Lower one day, limit lower the next, then the market touts glimpses of support. The market's key fundamentals seem to be speaking different languages instead of riding this storm out together. Luckily sale barns remain mostly open at this point, but their runs are so slim that it's hard to get an accurate test on the market. Boxed beef prices made advancements Monday that were record breaking for the biggest moves made in one day, and yet the April live cattle contracts have fallen nearly $29.32 since the beginning of the year and June live cattle contracts roughly $28.95.