DTN Closing Livestock Comment 03/22 15:36
Additional Buyer Support Pushes Cattle Futures Sharply Higher
April live cattle futures surged to a 14-month high Wednesday following
aggressive buyer support moving back into the market. The ability to break
through resistance levels Tuesday in live cattle and feeder cattle markets
stimulated additional buyer interest across the complex. Hog trade closed mixed
after trading mostly lower through most of the session.
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