DTN Closing Livestock Comment 07/11 15:26
11 Jul 2024
DTN Closing Livestock Comment 07/11 15:26 Technical Support Allows the Livestock Complex to Close Higher Heading into Friday's market, be on the look out for the midmorning WASDE report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: After enduring strenuous pressure earlier in the week, the livestock contracts finally caught a break and were able to trade higher through Thursday's end. No more sizeable cash cattle sales were reported, but some clean up trade still could develop ahead of Friday's end. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.54 with a weighted average price of $86.77 on 1,435 head. December corn is up 3 1/2 cents per bushel and December soybean meal is down $0.90. The Dow Jones Industrial Average is up 32.13 points.