DTN Closing Livestock Comment 03/25 17:21
Cattle Futures End Lower Monday
Traders quickly adjusted positions Monday, putting pressure on deferred lean
hog futures. Cattle futures were weaker on increased placements in February.
By Rick Kment
GENERAL COMMENTS: Strong pressure developed throughout livestock trade
following continued weakness in lean hog futures Monday. Cattle trade softened
on increased placements in February. Cash cattle activity was undeveloped
following generally smaller trade levels late last week. Bids and asking prices
were not available and may not be active until midweek. Showlist distribution
and inventory-taking were the main activities Monday. Showlists appear
generally larger. Offerings increased in Nebraska, Colorado and Kansas, but
decreased in Texas. It is likely to be the last half of the week again before
active trade develops. The National Daily Direct afternoon hog report was $2.55
higher ($60-$74, weighted average $68.82) on 7,248 head sold. Corn futures were
higher in light activity with May up 1 1/2 cents per bushel. The Dow Jones
Index was 14 points higher while the Nasdaq was down 5 points.
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