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DTN Closing Livestock Comment 04/02 15:55
Cattle Futures Rally Thursday Afternoon
Despite limited interest in cattle markets early Thursday, renewed buyer
support quickly and aggressively moved back into the market ahead of the long
holiday weekend.
For the week ending: 4/2/26
From Friday to Thursday, livestock futures scored the following changes: April
Live cattle up $11.10, June Live cattle up $11.53; April Feeder cattle up
$9.38, May Feeder cattle up $18.88; April Lean hogs off $0.47, June Lean hogs
up $0.18; April Pork cutout off $4.50, May Pork cutout unchanged.
Rick Kment
DTN Analyst
GENERAL COMMENTS:
Livestock futures started the Thursday session with very limited interest,
allowing prices to hold limited gains in cattle futures through early hours of
trade, but softness developed in feeder cattle and lean hog trade during late
morning trade. Despite the initial lackluster movement in the market, strong
and active price support redeveloped in both live cattle and feeder cattle
trade heading into the closing bell. Lean hog futures still posted moderate
price weakness with very little additional market direction helping to
stimulate strong buyer interest, or even aggressive liquidation. Markets will
remain closed until Monday morning due to the Good Friday holiday. Hog prices
closed higher on the Daily Direct Afternoon hog report, up $0.18 with a
weighted average of $90.35 on 2,000 hogs. May corn closed down 2 at $4.523 and
May soybean meal closed down $3.00 at $315.2. The Dow Jones Industrial Average
is down 61.07 at 46,504.67.
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