DTN Closing Livestock Comment 04/08 15:53
8 Apr 2024
DTN Closing Livestock Comment 04/08 15:53 Live Cattle Prices Benefit From Boxed Beef Rebound, But Feeders End Lower June live cattle closed up $1.27, helped by Monday's higher boxed beef prices and active slaughter pace. May feeder cattle were down $1, not yet able to convince specs to quit selling. June lean hogs were lower most of the day but ended up 0.02 cent at another new one-year high. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: June live cattle gained back $1.27 of last week's $8.20 drop, a modest start to try to turn things around after getting help from Monday's higher boxed beef prices. May feeder cattle finished lower and June hogs were slightly higher after trading lower most of the day.