DTN Closing Livestock Comment 06/20 15:30
20 Jun 2023
DTN Closing Livestock Comment 06/20 15:30 Cattle Remain Hesitant While Hogs Flourish The cattle complex saw far less interest throughout the day than hoped for, but the lean hog contracts continued to scale higher, rallying on the strong support from the cash market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the cattle contracts faced opposition while the lean hog complex continued to climb higher. The cash cattle market won't likely see any substantial trade develop until Thursday as packers and feedlots will go toe to toe again. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.73 with a weighted average price of $95.56 on 28,139 head. July corn is up 3 1/2 cents per bushel and July soybean meal is down $3.60. The Dow Jones Industrial Average is down 210.83 points.