DTN Closing Livestock Comment 04/01 16:09
1 Apr 2024
DTN Closing Livestock Comment 04/01 16:09 Positive HPAI Case in Humans Sent the Cattle Contracts Tumbling Lower Avian influenza continues to be the cattle market's main focus as cattlemen and traders aren't sure of the strain's full ramifications. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the cattle complex melted lower upon hearing that an individual who had worked with some of the HPAI-infected cattle in Texas had tested positive for the flu as well. Meanwhile, the lean hog complex was able to run through the day's close seeming unphased. Hog prices on the Daily Direct Afternoon Hog Report averaged $80.16 on 345 head and a five-day rolling average of $80.58. May corn is down 6 1/2 cents per bushel and May soybean meal is down $4.30. The Dow Jones Industrial Average is down 240.52 points.