DTN Closing Livestock Comment 03/04 16:05
Packers Keep Hunting for Hogs
It was a dismal day for the cattle contracts as both the live and feeder
cattle closed lower, and the cash cattle market weakened yet again.
DTN Livestock Analyst
The lean hog contracts close mixed, but the cattle contracts closed lower as
the doggish morale around this week's cash cattle market weighs on the market.
Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.93
with a weighted average of $84.68 on 15,299 head. May corn is down 2 3/4 cents
per bushel and May soybean meal is down $2.20. The Dow Jones Industrial Average
is down 345.95 points and NASDAQ is down 274.28 points.
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