DTN Closing Livestock Comment 03/30 16:08
30 Mar 2021
DTN Closing Livestock Comment 03/30 16:08 Livestock Trades Indecisively Tuesday It was a back and forth day for the livestock contract as the market was trying to combat leery traders and an active fundamental market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock sector as the contracts bounced back and forth trying to decide where to trade comfortably. Looking to Wednesday's trade, the cash cattle market could see some bids start to surface, but hopefully feedlots will deflect the early offers and push trade out until later in the week when packers usually offer more money to secure cattle. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.54 with a weighted average of $95.83 on 9,044 head. May corn is down 7 1/2 cents per bushel and May soybean meal is up $0.10. The Dow Jones Industrial Average is down 104.41 points and NASDAQ is down 14.26 points.