DTN Closing Livestock Comment 03/27 15:43
27 Mar 2024
DTN Closing Livestock Comment 03/27 15:43 Cattle Find Mild Support Ahead of Wednesday's Close Thursday will be a busy day for the livestock complex with the market needing to see more cash cattle traded, and the Quarterly Hogs and Pigs report will be shared as well. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts were able to close slightly higher following Tuesday's sharp descent. The cash cattle market still hasn't seen much trade develop -- but packer interest should improve by Thursday. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.37 with a weighted average price of $79.26 on 3,044 head. May corn is down 5 3/4 cents per bushel and May soybean meal is down $0.80. The Dow Jones Industrial Average is up 477.75 points.