DTN Closing Livestock Comment 05/03 15:53

05/03/2024

DTN Closing Livestock Comment 05/03 15:53
Cash Cattle Trade $1.00 to $2.00 Higher

The cash cattle market scored again this week as sales were marked $1.00 to
$2.00 higher than last week's weighted average.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

It was a mixed day for the livestock complex as the cattle contracts closed
mostly higher amid stronger cash cattle sales. The lean hog complex didn't see
much support as traders were apprehensive of overly supporting the market ahead
of the weekend. Hog prices closed lower on the Daily Direct Afternoon Hog
Report, down $2.40 with a weighted average price of $89.38 on 1,990 head. July
corn is up 1/2 cent per bushel and July soybean meal is up $7.30. The Dow Jones
Industrial Average is up 454.71 points.