DTN Closing Livestock Comment 06/15 16:08
15 Jun 2020
DTN Closing Livestock Comment 06/15 16:08 Rallying the Board While Sinking the Cash The board's rally may have been seen as positive, but seeing that cash cattle fell upwards of $3.00 to $7.00 lower is taking the market's attention. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Monday came as a mixed bag as the board rallied, but the cash cattle market fell considerably lower. Seeing that it's only the first trading day of the week makes feedlots worried about how the rest of the week will fare as prices are expected to only get lower as time ticks on. Hog prices are lower on the National Direct Afternoon Hog Report, down $0.55 with a weighted average of $29.87 on 7,066 head. July corn is down 3/4 cent per bushel and July soybean meal is down $0.60. The Dow Jones Industrial Average is up 157.62 points and NASDAQ is up 137.21 points.