DTN Closing Livestock Comment 06/12 15:36
12 Jun 2024
DTN Closing Livestock Comment 06/12 15:36 Cattle Continue to Hold Idle Until Cash Cattle Trade Develops The livestock complex closed mixed with cattle closing slightly lower waiting for the cash cattle market to trade, but the hog complex rounded out the day higher as today's WASDE report promised some better export demand. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Both the live cattle and feeder cattle markets closed lower as traders seem hesitant to do much in the cattle complex ahead of seeing what the cash cattle market achieves. Meanwhile, the lean hog complex closed higher as traders were elated to see higher exports in today's WASDE report. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.09 with a weighted average price of $87.59 on 6,457 head. July corn is up 4 3/4 cents per bushel and July soybean meal is up $0.90. The Dow Jones Industrial Average is down 56.73 points.