DTN Closing Livestock Comment 06/04 15:17
4 Jun 2024
DTN Closing Livestock Comment 06/04 15:17 Lackadaisical Tones Lead the Livestock Complex Lower The cattle complex wanted to trade higher early in the day, but without substantial support coming to fruition, the market rounded out the day on a weaker note. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Early in the day, the cattle contracts traded higher, but by Tuesday's end, the entire livestock complex was pressured into closing lower as support was tough to come by for the markets. Still no cash cattle trade has developed, and trade will likely be delayed until Thursday or Friday. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.57 with a weighted average price of $88.78 on 5,689 head. July corn is down 1 cent per bushel and July soybean meal is down $4.40. The Dow Jones Industrial Average is up 116.41 points.