DTN Closing Livestock Comment 03/24 15:43
Live Cattle and Lean Hogs Close Higher Friday
It was refreshing to see some of the livestock contracts close higher after
another week when the livestock contracts were pressured by external factors.
DTN Livestock Analyst
Traders seemed to have a change of heart with Friday's market as both the
live cattle and lean hog contracts closed mostly higher. However, the $0.09 to
$0.12 gain in the corn complex kept feeders from jumping on the bandwagon and
enjoying a higher close themselves. Hog prices closed lower on the Daily Direct
Afternoon hog report, down $0.13 with a weighted average of $76.58 on 6,851
hogs. May corn closed up 11 1/4 at $6.43 and May soybean meal closed up $6.80
at $445.1. The Dow Jones Industrial Average is up 132.28 at 32,237.53.