DTN Closing Livestock Comment 06/24 15:52
24 Jun 2024
DTN Closing Livestock Comment 06/24 15:52 Traders Push the Cattle Contracts Higher through Monday's End, Leave Hogs Lower With strong market fundamentals, both the live cattle and feeder cattle contracts ended Monday's market mostly higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts were able to round out Monday's trade mostly higher, but with a lack of demand, the lean hog complex ended the day lower. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.60 with a weighted average price of $86.64 on 3,393 head. July corn is down 1 1/2 cents per bushel and July soybean meal is up $11.00. The Dow Jones Industrial Average is up 260.88 points.