DTN Closing Livestock Comment 05/03 15:53
3 May 2024
DTN Closing Livestock Comment 05/03 15:53 Cash Cattle Trade $1.00 to $2.00 Higher The cash cattle market scored again this week as sales were marked $1.00 to $2.00 higher than last week's weighted average. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the cattle contracts closed mostly higher amid stronger cash cattle sales. The lean hog complex didn't see much support as traders were apprehensive of overly supporting the market ahead of the weekend. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.40 with a weighted average price of $89.38 on 1,990 head. July corn is up 1/2 cent per bushel and July soybean meal is up $7.30. The Dow Jones Industrial Average is up 454.71 points.