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DTN Closing Livestock Comment 03/14 15:53
Cash Cattle Prices Soar $6.00 to $9.00 Higher
It was an exhilarating day for the cattle complex as the cash cattle market
jumped $6.00 to $9.00 higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed, with the cattle contracts rallying into
the weekend with high spirits thanks to the cash cattle market's $6.00 to $9.00
rally. Meanwhile the lean hog complex closed mixed, with the nearby contracts
able to close slightly higher ahead of the weekend, but the deferred months
closed lower. May corn is down 6 3/4 cents per bushel and May soybean meal is
down $1.20. The Dow Jones Industrial Average is up 674.62 points.
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