DTN Closing Livestock Comment 03/25 16:58
25 Mar 2021
DTN Closing Livestock Comment 03/25 16:58 Adding More Jet Fuel to the Hog Rally With all the strong develops made Thursday afternoon, Friday's market should be prime for another day of gains in the livestock sector. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday's market was nothing short of wild as the futures closed higher, both the cash hog and cash cattle markets sought after steady to higher trade and the big daddy of the all, Thursday's Quarterly Hogs and Pigs report, defines the utter essence of bullish. Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.94 with a weighted average of $94.12 on 8,055 head. May corn is down 6 3/4 cents per bushel and May soybean meal is up $3.60. The Dow Jones Industrial Average is up 199.42 points and NASDAQ is up 15.79 points.