DTN Closing Livestock Comment 07/12 15:42
12 Jul 2024
DTN Closing Livestock Comment 07/12 15:42 Traders Remain Supportive of Livestock Complex Through Friday Heading into next week's market, traders will continue to closely track boxed beef prices and will be anxious to see how many cattle were bought this past week in the cash market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: All in all, it was a quiet day for the livestock complex, as traders allowed the contracts to close mildly higher, but not much else exciting happened throughout the day. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $3.73 with a weighted average price of $83.04 on 1,625 head. December corn is up 4 cents per bushel, and December soybean meal is down $1.40. The Dow Jones Industrial Average is up 247.15 points.