DTN Closing Livestock Comment 03/31 16:09
31 Mar 2021
DTN Closing Livestock Comment 03/31 16:09 Feedlots Are Serious About Wanting More It was a busy day for the livestock contracts as the market had a lot of emotion to absorb given the volatile corn report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday presented some challenges to the livestock complex, but both the live cattle and lean hog contracts handled them beautifully. Meanwhile, the feeder cattle contracts tumbled lower as corn prices jumped $0.25 higher. Looking to Thursday's trade, the market looks primed and ready to capitalize on a stronger cash cattle front! Feedlots have passed up any and all bids as of this point and are ready to see strong advancements in the cash market in Thursday's trade. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.18 with a weighted average of $95.65 on 8,845 head. May corn is up 25 cents per bushel and May soybean meal is up $25.00. The Dow Jones Industrial Average is down 85.41 points and NASDAQ is up 201.48 points.