DTN Closing Livestock Comment 06/17 15:49
17 Jun 2024
DTN Closing Livestock Comment 06/17 15:49 Traders' Cautiousness Leaves the Livestock Complex Mixed at Monday's Close Heading into Tuesday's market cattlemen are hoping that traders find a little more gusto and support both the live cattle and feeder cattle markets more thoroughly. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a quiet day for the livestock complex with not much excitement developing fundamentally or technically for the cattle or hog complexes. Hog prices are unavailable on the Daily Direct Afternoon Hog Report because of confidentiality. However, we were able to see that only 1,020 head traded throughout the day and that the market's five-day rolling average now sits at $87.49. July corn is down 6 1/4 cents per bushel and July soybean meal is down $8.10. The Dow Jones Industrial Average is up 188.94 points.