DTN Closing Livestock Comment 06/21 16:06
21 Jun 2022
DTN Closing Livestock Comment 06/21 16:06 Feeders Jump as Grains Tumble Lower With the grain market taking a turn for sharply lower prices, the feeder cattle market rallied off last week's fundamental push and this week's early opportunity to rally thanks to lower inputs. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The feeder cattle market took Tuesday by storm as the grain market's descend gave feeders an opportunity to rally. Meanwhile, the lean hog market closed higher too as the cash market jumped over $4.00 higher. Hog prices closed $4.11 higher on the Daily Direct Afternoon Hog Report, which leads to a weighted average of $118.99 on 7,930 head. July corn is down 23 3/4 cents per bushel and July soybean meal is down $6.80. The Dow Jones Industrial Average is up 641.47 points.