DTN Closing Livestock Comment 06/27 15:54
27 Jun 2023
DTN Closing Livestock Comment 06/27 15:54 Cheaper Corn Prices Propel Cattle through Tuesday's Market Heading into Wednesday's market cattlemen are hopeful that corn prices will continue to show some weakness and allow for higher gains to be continued for both the live cattle and feeder cattle markets. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex rounded out the day mixed as both the live cattle and feeder cattle contracts were able to close higher thanks to cheaper corn prices, but the lean hog complex had a more cautious approach to Tuesday's markets. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.54 with a weighted average price of $94.51 on 6,208 head. December corn is down 27 1/4 cents per bushel and December soybean meal is down $13.50. The Dow Jones Industrial Average is up 212.03 points.