DTN Closing Livestock Comment 06/13 15:59
13 Jun 2023
DTN Closing Livestock Comment 06/13 15:59 Traders Drive Livestock Contracts Mostly Higher Ahead Tuesday It was a slow day of trading for the livestock industry as the traders were cautious to do much of anything until the day's end neared. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex traded gingerly Tuesday, but ahead of closing traders focused on the market's strong fundamentals and led the contracts to higher price points ahead of the day's final bell. No cash cattle trade was reported throughout Tuesday's market as feedlots are current and will let time pass by again this week before they worry about marketing cattle. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.85 with a weighted average price of $94.09 on 13,341 head. July corn is down 4 3/4 cents per bushel and July soybean meal is up $0.10. The Dow Jones Industrial Average is up 137.62 points.