DTN Closing Livestock Comment 04/26 16:01
26 Apr 2022
DTN Closing Livestock Comment 04/26 16:01 Live Cattle Aim to Recover Some of Monday's Losses Heading into Wednesday's market, the cash cattle market expects to see more interest from packers as they look to kill aggressively ahead of prime grilling weather. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The live cattle market set out to recover some of the territory that Monday threw away, which helped aid the cash cattle market in its quest for higher prices. The feeder cattle market rounded out the day lower as corn prices added input pressure to the market, and the lean hog complex hated seeing lower pork cutout prices again. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $3.26 with a weighted average of $103.03 on 8,295 head. July corn is up 3 1/2 cents per bushel and July soybean meal is down $8.60. The Dow Jones Industrial Average is down 809.28 points.