DTN Closing Livestock Comment 06/18 16:12
18 Jun 2024
DTN Closing Livestock Comment 06/18 16:12 Lackadaisical Tones Keep with the Livestock Complex Through Closing The livestock complex traded cautiously again throughout Tuesday's market as traders seem to be waiting to see what happens fundamentally (in regard to pork demand and cash cattle sales) later in the week before they really move the contracts. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another quiet day throughout the livestock complex as both the live cattle and feeder cattle contracts closed lower, but the deferred lean hog contracts were able to round out the day slightly higher. Still no cash cattle trade has developed but it's likely that packer interest will improve by Thursday. Hog prices averaged $89.02 on the Daily Direct Afternoon Hog Report, ranging from $83.00 to $91.00 on 7,523 head. July corn is up 6 1/4 cents per bushel and July soybean meal is up $4.30. The Dow Jones Industrial Average is up 56.76 points.