DTN Closing Livestock Comment 06/11 15:51
11 Jun 2024
DTN Closing Livestock Comment 06/11 15:51 Lower Tones Follow the Livestock Contracts through the End of the Day All three of the livestock markets closed lower Tuesday afternoon as traders kept an arm's distance from the complex. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a lackadaisical technical day for the livestock contracts as all three markets closed lower. No cash cattle trade developed throughout the day, but early asking prices could be noted on Wednesday. The monthly WASDE report will also be shared Wednesday morning which will hopefully give pork producers a better understanding of what demand will look like in the second half of the year. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.08 with a weighted average price of $87.50 on 6,595 head. July corn is down 2 1/4 cents per bushel and July soybean meal is down $8.70. The Dow Jones Industrial Average is down 148.44 points.