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DTN Closing Livestock Comment 04/08 16:17

8 Apr 2021
DTN Closing Livestock Comment 04/08 16:17 Live Cattle, Lean Hogs Continue Higher Both the live cattle and lean hog contracts rallied throughout the day as demand for protein is exceptional with grilling season upon us. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Both the live cattle and lean hog contracts continued to trade higher throughout the day as demand keeps pushing the market higher. The feeder cattle contracts were set back by rallying corn prices but will most likely take a run at higher prices again if the corn market can trade steady to lower in the next little while as the momentum behind the cattle market is stellar. Hog prices closed higher again on the National Direct Afternoon Hog Report, up $0.22 with a weighted average of $99.41 on 10,630 head. May corn is up 19 1/4 cents per bushel and May soybean meal is down $2.30. The Dow Jones Industrial Average is up 57.31 points and NASDAQ is up 140.46 points.