DTN Closing Livestock Comment 06/19 16:15
19 Jun 2020
DTN Closing Livestock Comment 06/19 16:15 Headed Into the Weekend Ready for Next Week's Feeder Cattle Test Livestock contracts wrap up another week with all three markets battling some pressure. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Heading into the weekend, the lean hog complex and feeder cattle contracts hope next week is a positive one with strong feeder cattle sales and a bullish hogs and pigs report. However, the live cattle complex knows better than to wish for anything too good. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.05 with a weighted average of $28.48 on 6,188 head. July corn is up 1 1/2 cents per bushel and July soybean meal is down $1.80. The Dow Jones Industrial Average is down 208.64 points and NASDAQ is up 3.07 points.