Market News

DTN Closing Livestock Comment 03/27 15:43


DTN Closing Livestock Comment 03/27 15:43
Cattle Find Mild Support Ahead of Wednesday's Close

Thursday will be a busy day for the livestock complex with the market
needing to see more cash cattle traded, and the Quarterly Hogs and Pigs report
will be shared as well.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

The cattle contracts were able to close slightly higher following Tuesday's
sharp descent. The cash cattle market still hasn't seen much trade develop --
but packer interest should improve by Thursday. Hog prices closed lower on the
Daily Direct Afternoon Hog Report, down $1.37 with a weighted average price of
$79.26 on 3,044 head. May corn is down 5 3/4 cents per bushel and May soybean
meal is down $0.80. The Dow Jones Industrial Average is up 477.75 points.