DTN Closing Livestock Comment 03/09 16:21
9 Mar 2021
DTN Closing Livestock Comment 03/09 16:21 Livestock Contracts Keep Momentum Through Close Livestock futures closed mostly higher Tuesday, but the cash cattle market's early developments weren't necessarily good signs. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a good day for lean hog and feeder cattle futures, but only a marginal day for live cattle contracts as there was some early cash cattle trade. If feedlots could push back against the week's early trade and wait until at least Thursday or Friday to trade their cattle, higher or at least steady prices, could be demanded. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.07 with a weighted average of $84.65 on 11,275 head. May corn is down 1 1/4 cents per bushel and May soybean meal is up $0.30. The Dow Jones Industrial Average is up 30.30 points and NASDAQ is up 464.66 points.