DTN Closing Livestock Comment 03/31 16:10
Bullish Cash Trade Sends Live Cattle to New High
Futures prices of live cattle and feeder cattle ended higher Friday,
supported by this week's reports of higher cash cattle trade. Even June lean
hogs were roughly steady after USDA's mostly neutral inventory report on
Thursday afternoon.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS
Active futures contracts were higher for live cattle and feeder cattle
Friday, supported by broadly higher cash trade in all regions. Hog futures were
roughly steady after Thursday afternoon's mostly neutral Hogs and Pigs report.
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