DTN Closing Livestock Comment 03/08 16:12
8 Mar 2022
DTN Closing Livestock Comment 03/08 16:12 Cash Cattle See a $2 Dip Heading into Wednesday's trade, the market is anxious to see the newest WASDE Report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock contracts rallied throughout Tuesday, looking to regain some ground. It's important to make up for lost time and rally when given the chance; but the market knows it isn't free and clear of war pressures. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $3.60 with a weighted average of $103.96 on 8,092 head. May corn is up 2 1/4 cents per bushel and May soybean meal is up $14.60. The Dow Jones Industrial Average is down 184.74 points and NASDAQ is down 35.41 points.