DTN Closing Livestock Comment 03/09 16:07
9 Mar 2022
DTN Closing Livestock Comment 03/09 16:07 Losses Across the Livestock Board Heading into Thursday's market, cattle are praying for a strong showing and the hog market is anxious to see if China was a buyer again or not. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday's WASDE report was encouraging, but the market didn't seem to care. The futures contracts closed lower all throughout the livestock complex and the cash cattle market sold cattle for as much as $4.00 lower compared to last week. Hog prices closed slightly lower on the Daily Direct Afternoon Hog Report, down $0.49 with a weighted average of $103.47 on 5,805 head. May corn is down 20 cents per bushel and May soybean meal is up $1.40. The Dow Jones Industrial Average is up 653.61 points and NASDAQ is up 460.00 points.