DTN Closing Livestock Comment 03/24 16:16
24 Mar 2020
DTN Closing Livestock Comment 03/24 16:16 On to Higher Ground All three livestock futures markets closed higher with cattle contracts closing nearly all limit higher. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Tuesday closed as another strong day in the livestock sector with all three futures markets higher. The board has been rallying support and regaining position; now the question leading into midweek is will the support hold and will the cash market develop as well. Prices on the National Direct Afternoon Hog Report were up substantially, gaining $1.56 to put the weighted average at $59.06. May corn is up 3 3/4 cents per bushel and May soybean meal is down $1.50. The Dow Jones Industrial Average is up 2,112.98 points and NASDAQ is up 557.19 points.