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DTN Closing Livestock Comment 03/27 15:30
Traders Send Livestock Contracts Soaring Monday
It wasn't your typical, doggish Monday for the livestock contracts as
traders sent all three of the livestock markets higher throughout the day.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS
It was tremendous day for the livestock complex as traders approached the
marketplace with gusto and drove all three of the livestock markets higher. The
feeder cattle complex saw the biggest daily gains, but higher tones were noted
throughout all the contracts. Hog prices closed lower on the Daily Direct
Afternoon hog report, down $0.74 with a weighted average of $75.84 on 5,993
hogs. May corn closed up 5 1/4 at $6.483 and May soybean meal closed up $0.90
at $446.00. The Dow Jones Industrial Average is up 194.55 at 32,432.08.
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