DTN Closing Livestock Comment 06/22 15:40
22 Jun 2023
DTN Closing Livestock Comment 06/22 15:40 Northern Dressed Cattle Begin to Sell for $290, $6.00 Lower Heading into Friday's market, cattlemen will be anxiously waiting for the Cattle on Feed report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Technically speaking, the cattle complex had a good day as the contracts were able to close higher after being beat up throughout Wednesday's market because of high corn prices. But cash cattle trade did develop lower in the North late Thursday afternoon. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.55 with a weighted average price of $94.79 on 4,793 head. December corn is down 8 cents per bushel and July soybean meal is down $14.50. The Dow Jones Industrial Average is down 32.45 points.