DTN Closing Livestock Comment 03/07 16:03
7 Mar 2024
DTN Closing Livestock Comment 03/07 16:03 Northern Dressed Cattle Trade $2 Higher Friday will be a busy day for the livestock complex as Southern cattle trade still needs to develop and the morning will see another USDA WASDE outlook shared. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a strong day for the livestock complex as all three markets closed higher thanks to strong fundamental support. Come Friday, the market will still have a lot to sort through before the week ends as another WASDE report will be released and Southern live cattle have yet to trade. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.95 with a weighted average price of $77.17 on 2,980 head. May corn is up 9 1/4 cents per bushel and May soybean meal is up $4.00. The Dow Jones Industrial Average is up 130.30 points.