DTN Closing Livestock Comment 06/10 15:42
10 Jun 2024
DTN Closing Livestock Comment 06/10 15:42 Cattle Run Higher through Monday's End Traders eagerly advanced both the live cattle and feeder cattle markets through Monday's end as traders are hopeful that the market's strong fundamentals will remain active through the week's end. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: It was a dynamite day for the cattle complex as both the live cattle and feeder cattle markets were able to close sharply higher, but the lean hog complex struggled once again. Monitoring demand for both the cattle and hog markets will be essential this week and will likely gravely affect the market's direction for both sectors. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $2.60 with a weighted average price of $88.58 on 2,460 head. July corn is up 3 cents per bushel and July soybean meal is up $7.30. The Dow Jones Industrial Average is up 69.05 points.