DTN Closing Livestock Comment 06/23 15:59
23 Jun 2022
DTN Closing Livestock Comment 06/23 15:59 Northern Feedlots Pull Another $4.00 From Packers It was a hit and miss day for the livestock complex as the cash cattle market saw higher prices again develop in the North, but both the live cattle and lean hog contracts propelled lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: While the live cattle and lean hog contracts drifted lower Thursday, the feeder cattle market wasted no time in capitalizing on the corn market's weakness. Hog prices on the Daily Direct Afternoon Hog Report closed lower, down $1.63 with a weighted average of $120.82 on 8,761 head. July corn is down 21 1/4 cents per bushel and July soybean meal is down $5.70. The Dow Jones Industrial Average is up 147.18 points.