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DTN Closing Livestock Comment 03/30 16:11
Cattle Close Mixed, Hogs Close Substantially Lower
Monday ended up being a mixed bag as live cattle contracts closed mixed,
feeder cattle contracts only closed slightly lower, but the lean hog complex
closed substantially lower.
By ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Hog prices took the brunt of Monday's arrival and cattle contracts were able
to skate mixed in live cattle contracts and only slightly lower in feeder
cattle contracts. Hog prices are lower on the National Direct Afternoon Hog
Report, down $0.77 with a weighted average of $58.07. May corn is down 4 3/4
cents per bushel and May soybean meal is up $2.40. The Dow Jones Industrial
Average is up 690.70 points and NASDAQ is up 271.77 points.
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