DTN Closing Livestock Comment 07/06 16:09
6 Jul 2022
DTN Closing Livestock Comment 07/06 16:09 Cash Cattle Market Remains in Standoff Through Wednesday Come Thursday, all eyes and ears will be on the cash market as feedlots are batting for higher prices. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday's market was a lot more fruitful than Tuesday, as the cattle contracts closed higher and the lean hog market kept its vibrant rally. The lean hog market saw tremendous support of its cash market, which helped fuel the contracts drive to keep trading higher. Come Thursday, all eyes will be on the cash cattle market as there's been very few cattle trade thus far. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $3.28 with a weighted average of $123.74 on 28,776 head. December corn is up 6 1/2 cents per bushel and December soybean meal is up $1.90. The Dow Jones Industrial Average is up 69.86 points.