DTN Closing Livestock Comment 03/18 16:17
18 Mar 2021
DTN Closing Livestock Comment 03/18 16:17 Cash Cattle Trade Higher in the North The futures complex was a bearish market to watch, but thankfully the countryside took care of the livestock sector. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex closed lower but couldn't have had a better day throughout the countryside, and in respect to the market's fundamentals! Feeder cattle sold higher, the lean hog market blew through all expectations (again) and cash cattle even traded higher in the North. It was a good day to strengthen the market's core fundamentals! Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.42 with a weighted average $88.26 on 12,161 head. May corn is down 11 1/2 cents per bushel and May soybean meal is down $6.70. The Dow Jones Industrial Average is down 153.07 points and NASDAQ is down 409.03 points.