DTN Closing Livestock Comment 06/28 16:11
28 Jun 2022
DTN Closing Livestock Comment 06/28 16:11 Hog Market Ready for Wednesday's Quarterly Hogs and Pigs Report Heading into Wednesday's market, hog producers are anxious to see how the quarterly report treats them, and cattle producers are going to be fixated on the cash market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a lower waning day for the livestock complex as the live cattle, feeder cattle and lean hog contracts all saw lower closes on the day. Wednesday afternoon's Quarterly Hogs and Pigs report is going to be highly sought after and it's expected to shape the market's nearby trend. Cash cattle business should begin to develop by midmorning Wednesday and prices could be higher. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $4.65 with a weighted average of $119.78 on 8,752 head. July corn is up 15 1/4 cents per bushel and July soybean meal is up $12.40. The Dow Jones Industrial Average is down 491.27 points.