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DTN Closing Livestock Comment 04/17 16:03
Fed Cash Cattle Prices Jump $4 to $7 Higher on Thursday
The wait was worth it, as fed cash cattle prices jumped $4 to $7 higher this
week.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rounded out the week on a strong note, as all three of
the contracts closed higher Thursday afternoon. And with the extra fundamental
support of sharply higher fed cash cattle prices, the market really did perform
on Thursday! May corn is down 2 cents per bushel, and May soybean meal is down
$1.10. The Dow Jones Industrial Average is down 527.16 points. Thursday's
export report revealed that beef net sales of 17,500 metric tons (mt) for 2025
were up 47% from the previous week and 78% from the prior four-week average.
The three largest buyers were Japan (7,700 mt), South Korea (3,700 mt) and
Mexico (2,100 mt). Pork net sales of 20,500 mt for 2025 were down 14% from the
previous week and 35% from the prior four-week average. The three largest
buyers were Japan (7,100 mt), Mexico (3,200 mt) and South Korea (2,300 mt).
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