DTN Closing Livestock Comment 06/01 15:30
1 Jun 2023
DTN Closing Livestock Comment 06/01 15:30 Cash Cattle Trade Jumps Over the Moon With cash cattle prices trading $7.00 to $9.00 higher, it comes as no surprise that traders ran the cattle contracts higher Thursday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle market witnesses few days that surpass the excitement and joy that came from the market Thursday. Cash cattle prices traded $7.00 to $9.00 higher and once again the momentum in the cash sector sent both the live cattle and feeder cattle contracts soaring. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.04 with a weighted average of $86.58 on 19,990 head. July corn is down 1 1/2 cents per bushel and July soybean meal is up $8.00. The Dow Jones Industrial Average is up 153.30 points.