DTN Closing Livestock Comment 05/23 16:04
23 May 2024
DTN Closing Livestock Comment 05/23 16:04 Northern Feedlots Traded Cattle for $300 to $305 -- steady to $5.00 Higher Heading into Friday's market the cash cattle complex will expect more cattle to trade and on Friday afternoon the monthly Cattle on Feed report will be released. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts may have rounded out the day on a weaker note in the futures complex, but the cash cattle market achieved yet another victory as prices ranged anywhere from $1.00 to $5.00 higher. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.44 with a weighted average price of $88.27 on 1,679 head. July corn is up 2 3/4 cents per bushel and July soybean meal is down $1.50. The Dow Jones Industrial Average is down 605.78 points.