DTN Closing Livestock Comment 03/22 16:10
22 Mar 2021
DTN Closing Livestock Comment 03/22 16:10 Cattle Keep Support Through Closing It was a successful day for the livestock contracts and hopefully the optimism will carry into the rest of the week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a good day for the livestock sector as the lean hog contracts were able to close mixed and the cattle contracts closed fully higher. The market's real test will be the fundamental aspect this week. The lean hog market needs slaughter speeds and pork cutout prices to keep trading higher and the cash cattle market needs to see progression as well. Hog prices closed higher on the National Direct Afternoon Hog Report, up $2.55 with a weighted average of $90.27 on 7,928 head. May corn is down 8 3/4 cents per bushel and May soybean meal is down $11.30. The Dow Jones Industrial Average is up 103.23 points and NASDAQ is up 162.30 points.