DTN Closing Livestock Comment 06/22 16:14
22 Jun 2020
DTN Closing Livestock Comment 06/22 16:14 Lower Close for All Livestock Contracts Livestock contracts weren't able to get around the bearish attitude of Monday, ultimately closing lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Livestock contracts didn't stand a chance of trading higher Monday. The bearish mindset of the market took Monday, and traders are leery of trading before they know how far cash is going to fall, how the quarterly hogs and pigs report will fare or how this week's feeder cattle market will trade. This week has a lot on the table. 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 down 4 1/4 cents per bushel and July soybean meal is down $0.50. The Dow Jones Industrial Average is up 153.50 points and NASDAQ is up 110.35 points.