DTN Closing Livestock Comment 03/29 16:12
Buyers Warm to Cattle, Stay Cold for Hogs Ahead of Thursday's USDA Report
Prices of cattle and feeder cattle were generally higher Wednesday, posting
a fourth consecutive higher close in June live cattle. June lean hogs, on the
other hand, fell negative for the week with bearish concerns about what USDA
might say in Thursday's inventory report.
DTN Lead Analyst
Active futures contracts were higher for live cattle and feeders Wednesday,
helped by an easing of concerns about the banking sector. June lean hogs fell
$1.90, showing concerns about a possibility of higher-than-expected hog and pig
inventories in Thursday's USDA report.
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