DTN Closing Livestock Comment 06/25 16:13
25 Jun 2021
DTN Closing Livestock Comment 06/25 16:13 Still Looking for Bids in the Cash Cattle Market The cash cattle market is needing to see more trade develop, otherwise the week's trade will be unbelievably light at less than 40,000 head nationwide. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a wild week in the market with a quarterly hogs and pigs report, a Cattle on Feed report, and an untested cash cattle market at Friday's close. Needless to say, the markets are dealing with volatile swings and will likely see fluctuations in next week's trade. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.70 with a weighted average of $116.89 on 7,855 head. July corn is down 16 3/4 cents per bushel and December soybean meal is up $4.10. The Dow Jones Industrial Average is up 237.02 points and NASDAQ is down 9.32 points.