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DTN Closing Livestock Comment 03/06 15:26
Cattle Futures Close Lower While Hogs Maintain Their Stronger Position
Throughout Friday, Southern live cattle traded at $240, which is $4.00 lower
than last week's weighted average, and Northern dressed cattle traded at $380,
which is $3.00 lower than last week's weighted average.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It ended up being a mixed day for the livestock complex as the cattle
contracts closed lower but the lean hog market kept its upward momentum through
the day's end. Southern live cattle traded at $240, which is $4.00 lower than
last week's weighted average, and Northern dressed cattle traded at $380, which
is $3.00 lower than last week's weighted average. May corn is up 7 cents per
bushel and May soybean meal is up $7.90.
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