DTN Closing Livestock Comment 06/26 15:51
26 Jun 2024
DTN Closing Livestock Comment 06/26 15:51 Traders Support Keeps with the Livestock Complex through Wednesday's Close Given the recent strength seen in the live cattle complex, it's fully expected that this week's cash cattle market will trade higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a fruitful day for the entire livestock complex as all three of the markets closed higher and it's likely that this week's cash cattle market is going to trade higher too. Thursday will be a busy day for the hog complex especially; but potentially for the cattle market too if cash cattle trade begins to develop, as the morning will release the weekly export report and later in the afternoon the market will see the Quarterly Hogs and Pigs report. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.57 with a weighted average price of $88.64 on 4,062 head. July corn is down 5 1/2 cents per bushel and July soybean meal is down $4.40. The Dow Jones Industrial Average is up 15.64 points.