DTN Closing Livestock Comment 06/23 15:33
23 Jun 2023
DTN Closing Livestock Comment 06/23 15:33 Cheaper Corn Drives Livestock Higher Friday Friday allowed for most of the livestock contracts to close higher as traders viewed the corn market's weakness as their opportunity. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: For the most part, Friday's market treated the livestock complex favorably as the contracts closed mostly higher. Come Monday, we will see how traders view Friday's Cattle on Feed report, which showed greater placements than expected. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.75 with a weighted average price of $93.04 on 2,096 head. December corn is down 32 3/4 cents per bushel and December soybean meal is down $17.70. The Dow Jones Industrial Average is down 217.07 points.