DTN Closing Livestock Comment 06/08 15:40
8 Jun 2023
DTN Closing Livestock Comment 06/08 15:40 Southern Feedlots Remain Strong Thursday Some Southern trade developed at $185, but some feedlots continue to hold out for more money as their asking prices are firm at $186 to $190. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The futures complex struggled again throughout the day, and all three of the livestock markets closed lower. However, both the cash cattle and feeder cattle markets continue to be met with tremendous demand in the countryside. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.01 with a weighted average price of $94.12 on 11,106 head. July corn is up 6 cents per bushel and July soybean meal is down $1.20. The Dow Jones Industrial Average is up 168.59 points.