DTN Closing Livestock Comment 04/09 15:47
9 Apr 2024
DTN Closing Livestock Comment 04/09 15:47 Livestock Complex Closes Higher Tuesday Afternoon Heading into Wednesday's market, the cattle complex is hoping to see continued boxed beef support which could encourage traders to keep advancing the market higher. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: It was a strong, supportive day for the livestock complex as all three of the markets closed mostly higher and traders seemed to have refocused their minds following the HPAI disruption. Still no cash cattle trade has developed. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $7.45 with a weighted average price of $93.77 on 7,225 head. May corn is down 4 1/4 cents per bushel and May soybean meal is down $0.40. The Dow Jones Industrial Average is down 8.86 points.