DTN Closing Livestock Comment 07/02 15:58
2 Jul 2024
DTN Closing Livestock Comment 07/02 15:58 Cattle Rebound Following Monday's Lower Close With boxed beef prices still showing ample demand, packers pushed both the live cattle and feeder cattle contracts higher through the day's end. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex closed mixed as the cattle contracts found ample support in today's market which mostly was derived from the continued support of strong box prices. Meanwhile, the lean hog complex closed mixed as traders wanted to trade the market fully higher but didn't so as pork prices remain volatile. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $2.91 with a weighted average price of $91.65 on 14,713 head. December corn is up 3/4 cent per bushel and December soybean meal is down $4.30. The Dow Jones Industrial Average is up 162.33 points.