DTN Closing Livestock Comment 03/01 16:14

DTN Closing Livestock Comment 03/01 16:14 Live Cattle, Lean Hogs Look to Recover Some Losses Throughout Tuesday's trade, both the live cattle and lean hog contracts set out to regain some of what the market has recently lost. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Tuesday served as a reminder for both the live cattle and lean hog contracts that life will indeed go on. While we mourn for the people of Ukraine and cannot stomach the greed that Putin possesses, we must regain focus on the livestock contracts. I understand there are contracts (grain especially) that need to be up in turmoil as they're directly affected by the war in Ukraine; but the live cattle and lean hog contracts should be able to trade on. With the feeder cattle market dependent on corn, it's understandable why that market has yet to show any positive recovery. Hog prices closed higher on the National Direct Afternoon Hog Report, up $5.11 with a weighted average of $94.51 on 6,686 head. May corn is up 35 cents per bushel and May soybean meal is up $8.00. The Dow Jones Industrial Average is down 597.65 points and NASDAQ is down 218.94 points.