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DTN Closing Livestock Comment 03/04 15:48


DTN Closing Livestock Comment 03/04 15:48
Tired Tones Summarize Monday's Livestock Trade

Contracts hope to see better trader interest heading into Tuesday's market.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

It was a mixed day for the livestock complex as cattle contracts closed
lower, thanks to pressure from the corn complex and trader hesitancy.
Meanwhile, the lean hog contracts saw mixed interest as nearby contracts closed
lower but deferred months closed higher. Hog prices closed higher on the Daily
Direct Afternoon Hog Report, up $1.49 with a weighted average price of $74.16
on 1,978 head. May corn is up 5 1/4 cents per bushel and May soybean meal is up
$1.20. The Dow Jones Industrial Average is down 97.35 points.