DTN Closing Livestock Comment 06/24 16:16
Livestock Complex Looks to Monday for Direct
Heading into next week's trade, the livestock complex hopes to gain a better
understanding of its short-term trajectory.
DTN Livestock Analyst
The livestock contracts rounded out the day mixed as the feeder cattle
contracts closed lower with corn prices trading higher, the live cattle market
closed on both sides of steady, and the hog market closed anywhere from $1.00
to $3.00 higher. Hog prices closed lower on the Daily Direct Afternoon Hog
Report, down $0.59 with a weighted average of $120.23 on 8,140 head. July corn
is up 3 1/2 cents per bushel and July soybean meal is up $5.90. The Dow Jones
Industrial Average is up 823.32 points.
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