DTN Closing Livestock Comment 06/18 16:03
18 Jun 2020
DTN Closing Livestock Comment 06/18 16:03 Cattle Contracts Fear Looming Pressure Heading into the last trading day of the week, the cash markets hold little hope for a stronger day, but both industries want to keep moving substantial product. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: As the day progressed, feeder cattle contracts weakened, as the fate of the live cattle market becomes an anxious worry for both contracts. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.17, with a weighted average of $28.53 on 7,104 head. July corn is up 3/4 cent per bushel and July soybean meal is up $1.00. The Dow Jones Industrial Average is down 39.51 points and NASDAQ is up 32.52 points.