DTN Closing Livestock Comment 03/02 16:18
2 Mar 2022
DTN Closing Livestock Comment 03/02 16:18 Feeders Rally While Hogs, Live Cattle Miss the Mark Heading into Thursday's trade, cattle are hopeful for a bullish export report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday's trade was a mixed bag. Feeders got to rally upon the grain market's regression, but the cash cattle market traded $2.00 lower and lean hogs cascaded lower too. Hog prices closed higher on the National Direct Afternoon Hog Report, up $3.72 with a weighted average of $98.25 on 8,705 head. May corn is down 3/4 cent per bushel and May soybean meal is down $6.30. The Dow Jones Industrial Average is up 596.40 points and NASDAQ is up 219.56 points.