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DTN Closing Livestock Comment 03/28 15:35
Live Cattle Keep Their Momentum Through Closing Tuesday
With the strong momentum continuing in the live cattle complex, cash cattle
trade could be higher this week.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS
Overall, the livestock complex had a mixed day following Monday's wild
success, as traders weren't as aggressive in Tuesday's market. The live cattle
complex was able to close the day out higher, but that's largely due to the
onset of strength in boxed beef prices. Hog prices closed lower on the Daily
Direct Afternoon hog report, down $0.20 with a weighted average of $75.64 on
11,025 hogs. May corn closed down 1 cent at $6.473, and May soybean meal closed
up $11.90 at $457.9. The Dow Jones Industrial Average was down 37.83 at
32,394.25.
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