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April live cattle closed at $113.75, down $13.75 on the monthly chart, while May feeder cattle fell $12.075 to $134.025. Lean hogs fell nearly $10 on the month.
The DTN National Corn Index rose 5.5 cents for the month to $3.50 3/4.
Technical support tests for cattle and hogs point to continued downside risk, while firmer cash corn supports feed costs. Wide monthly losses in livestock signal weaker feed demand from feedlots.
dtnpf.comDarin NewsomApr 1, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Monthly summary shows May feeder futures dropped heavily over the month, confirming the bearish backdrop and sentiment, though not specific to the day.
