DTN Closing Livestock Comment 06/09 11:41
9 Jun 2022
DTN Closing Livestock Comment 06/09 11:41 Cattle Keep Their Higher Tone Cattlemen will be anxiously watching to see how carcass weights perform in the afternoon reports. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle complex is holding its ground through Thursday's market and is showing everyone, from traders to cattlemen, that the market is coming to terms with the long-term, higher price trajectory of the market. Meanwhile, the lean hog complex is suffering as pork cutout values bounce around and traders remain absent from the complex. July corn is up 12 cents per bushel and July soybean meal is up $9.90. The Dow Jones Industrial Average is down 133.10 points.