DTN Closing Livestock Comment 05/24 15:47
24 May 2023
DTN Closing Livestock Comment 05/24 15:47 Cash Cattle Prices Run $1.00 to $5.00 Higher The cash cattle market gets all the day's fame as its success allowed the cattle contracts to close higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Wednesday's cattle contracts have to give the cash cattle market all the glory as both the live cattle and feeder cattle contracts were able to close higher thanks to the $1.00 to $5.00 rally seen in cash prices. More trade should develop on Thursday, but prices are likely set at this point. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.64 with a weighted average price of $82.19 on 12,525 head. July corn is up 9 3/4 cents per bushel and July soybean meal is down $4.20. The Dow Jones Industrial Average is down 255.59 points.