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DTN Closing Livestock Comment 03/18 15:56


DTN Closing Livestock Comment 03/18 15:56
Traders Start Week Off Strong

It was a rallying day for the livestock complex with all three livestock
markets able to round out Monday's close higher.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

It was an impressive start to the week as most of the livestock contracts
closed higher, and once again boxed beef prices closed higher, too. No cash
cattle trade developed throughout the day and trade will likely be delayed
until Thursday, if not even potentially Friday. Hog prices closed lower on the
Daily Direct Afternoon Hog Report, down $0.28 with a weighted average price of
$79.66 on 3,425 head. May corn is down 3/4 cent per bushel and May soybean meal
is down $2.80. The Dow Jones Industrial Average is up 75.66 points.