DTN Closing Livestock Comment 06/12 16:07
12 Jun 2020
DTN Closing Livestock Comment 06/12 16:07 Cattle Contracts Head Into the Weekend Lower Come midday Friday, the lean hog complex kicked it into high gear and was able to close partly higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Cattle contracts weren't able to muster the strength that the lean hog complex did, but given the ride that the cash cattle market endured this week, the market is depressed and ready for the weekend. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.21 with a weighted average of $30.36 on 5,988 head. July corn is up 1/4 cent per bushel and July soybean meal is down $0.70. The Dow Jones Industrial Average is up 477.37 points and NASDAQ is up 96.08 points.