DTN Closing Livestock Comment 05/31 15:31
31 May 2024
DTN Closing Livestock Comment 05/31 15:31 Cattle Round out the Week Lower While Hogs Finally Find Some Support The cash cattle market was slow to develop, but prices in the North traded at mostly $301 ($3.00 lower than last week's weighted average) and Southern live cattle traded at mostly $186 ($1.00 lower than last week's weighted average. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the lean hog market finally came into some support from the day's export report and from stronger afternoon pork cutout values, but the cattle complex rounded out the day on a softer note. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.46 with a weighted average price of $86.90 on 1,322 head. July corn is down 2 1/2 cents per bushel and July soybean meal is up $1.10. The Dow Jones Industrial Average is up 483.42 points.