DTN Closing Livestock Comment 03/21 16:41
21 Mar 2022
DTN Closing Livestock Comment 03/21 16:41 Hogs Keep Rallying Through Monday's End Heading into Tuesday's market, eyes will be on the lean hog complex seeing if traders are as ambitious in Tuesday's market, and on the cash cattle market to see where asking prices start for the week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was an exhilarating day for the lean hog futures complex as prices jolted higher, but the rest of the livestock complex had a mundane Monday with not much transpired. Heading into Tuesday's trade, the cash cattle market could see where feedlots pin their early asking prices for the week. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.61 with a weighted average of $102.09 on 4,560 head. May corn is up 14 1/2 cents per bushel and May soybean meal is up $4.30. The Dow Jones Industrial Average is down 201.94 points and NASDAQ is down 55.38 points.