DTN Closing Livestock Comment 03/29 16:10
29 Mar 2021
DTN Closing Livestock Comment 03/29 16:10 Cattle Climb Higher Through Monday's Close The live cattle and feeder cattle contracts closed confidently higher, but the even though the cash and cutout values closed higher, the lean hog contracts still veered lower through the day's end. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday's trade was nearly a mirror image of the trade that developed throughout the livestock complex last Monday. Livestock enthusiasts are hopeful that the rest of the week can be as fruitful as last week was as well. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.43 with a weighted average of $96.37 on 7,869 head. May corn is down 5 3/4 cents per bushel and May soybean meal is down $5.90. The Dow Jones Industrial Average is up 98.49 points and NASDAQ is down 79.07 points.