DTN Closing Livestock Comment 03/04 15:37
4 Mar 2025
DTN Closing Livestock Comment 03/04 15:37 Tariffs, Potential Retaliatory Action Affected Lean Hog Complex Tuesday Heading into Wednesday's market, expect continued uncertainty as trade dealings are still unfolding. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Throughout Tuesday's trade, the market's buzz and internal chaos was focused on the tariffs placed against China, Mexico and Canada and how these countries could potentially choose to react in a retaliatory manner. No cash cattle trade developed throughout the day, but Southern asking prices are noted at $198 plus. May corn is down 4 3/4 cents per bushel and May soybean meal is down $4.50. The Dow Jones Industrial Average is down 670.25 points.