DTN Closing Livestock Comment 06/07 16:12
7 Jun 2019
DTN Closing Livestock Comment 06/07 16:12 Traders Sell Ahead of Uncertain Weekend Livestock futures plunged Friday with most later live cattle contracts suffering triple-digit losses and July and August contracts closing limit down. By Robin Schmahl DTN Analyst GENERAL COMMENTS: From Friday to Friday, livestock futures scored the following changes: June LC, down $1.55; Aug. LC, up $0.22; Aug FC, up $4.13; Sep. FC, up $3.28; June LH, down $3.07; July LH, down $2.57. Cash cattle trade wrapped up the week with lower prices. Cash in the South ranged from $112 to $114, down $2.00 to $3.00 from last week. Dressed sales down $2.00 to $3.00, ranging from $183.00 to $184.00. According to the Dairy Direct Hogs afternoon report, the weighted average price was $0.05 higher with a base price range of $67-$77. Corn futures fell in light of better weather and uneasiness of progress with Mexico before Monday. July corn lost 4 3/4 cents. The Dow gained 263 points to end at 25,983 and the NASDAQ was up 126 points at 7,742.