DTN Closing Livestock Comment 06/29 15:42
29 Jun 2023
DTN Closing Livestock Comment 06/29 15:42 Cattle Keep Grinding Higher Thursday Heading into Friday's market, traders attention will be on the lean hog complex and how it absorbs Thursday's report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a strong day for the cattle complex and an odd day for the lean hog market as Thursday's Quarterly Hogs and Pigs Report boasted heavier supplies than expected. Hog prices closed lower on the Daily Direct Afternoon Hog Report down $0.21 with a weighted average price of $94.00 on 2,058 head. December corn is down 8 1/4 cents per bushel and December soybean meal is up $2.50. The Dow Jones Industrial Average is up 269.79 points.