DTN Closing Livestock Comment 07/03 15:31
3 Jul 2024
DTN Closing Livestock Comment 07/03 15:31 Live Cattle and Feeder Cattle Closed Higher Heading into the Fourth of July Packers offered up bids throughout the day, but feedlots are determined to keep the market at least steady this week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a strong day for the cattle complex as both the live cattle and feeder cattle contracts closed higher, and the cash cattle market continues to wait for better bids from packers before they'll trade cattle. Meanwhile, the lean hog complex closed mixed, with the nearby contracts receiving more support than the deferred. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.68 with a weighted average price of $90.97 on 3,127 head. December corn is down 1 3/4 cents per bushel and December soybean meal is up $0.90. The Dow Jones Industrial Average is down 23.85 points.