DTN Closing Livestock Comment 03/28 16:12
28 Mar 2022
DTN Closing Livestock Comment 03/28 16:12 Cattle Deal With Friday's Cattle on Feed Report in Monday's Market Heading into Tuesday's trade, the lean hog market is hopeful that packers show more interest and that pork cutout values see more support. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a rough day for the cattle complex as both the live cattle and feeder cattle contracts mauled over Friday's Cattle on feed report. Meanwhile, the lean hog complex trended higher, but with both cash and pork cutout values being lower by Monday's close ,Tuesday's market could see some push back. Hog prices closed lower on the National Direct Afternoon Hog Report, down $2.95 with a weighted average of $105.89 on 8,425 head. May corn is down 5 1/2 cents per bushel and May soybean meal is down $9.00. The Dow Jones Industrial Average is up 94.65 points and NASDAQ is up 185.60 points.