DTN Closing Livestock Comment 04/12 16:10
12 Apr 2022
DTN Closing Livestock Comment 04/12 16:10 Cash Cattle, Futures Capitalize on the Perfect Storm Heading into Wednesday, packers will need to get more aggressive procuring cattle in the North. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Tuesday's market allowed livestock futures to all close higher and, with support seen both technically and fundamentally, the market stands a good chance at trading higher Wednesday as well. Thus far, cash cattle have traded $1.00 stronger in the South, but cattle have yet to trade in the North. Hog prices closed higher on the Daily Direct Hog Report, up $1.97 with a weighted average of $99.67 on 9,272 head. May corn is up 11 3/4 cents per bushel and May soybean meal is up $1.80. The Dow Jones Industrial Average is down 87.72 points.