DTN Closing Livestock Comment 06/28 15:36
28 Jun 2024
DTN Closing Livestock Comment 06/28 15:36 Cash Cattle Sell Steady to $1.00 Higher It was a long time coming again this week, but feedlot managers were able to keep the cash cattle market from trading lower as prices averaged steady to $1.00 higher compared to last week's weighted average. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex closed mixed as the lean hog market found support late in the week, but the cattle contracts were leery of what the cash cattle market was going to do ahead of the day's end and closed slightly lower. Thankfully feedlot managers were able to get cattle sold steady to $1.00 higher compared to last week's weighted averages. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.14 with a weighted average price of $89.17 on 3,283 head. September corn is down 15 cents per bushel and December soybean meal is down $3.00. The Dow Jones Industrial Average is down 63.39 points.