DTN Closing Livestock Comment 06/21 16:07
21 Jun 2021
DTN Closing Livestock Comment 06/21 16:07 Feeder Cattle Triumph Amid Weaker Corn Heading into Tuesday's trade, the feeder cattle contracts hope that the corn market's deterioration continues. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The feeder cattle contracts had to keep a close eye on the corn market's behavior Monday, but as the day neared its end, traders grew cold of the corn market, which ultimately allowed for feeders to close higher. Meanwhile, both the live cattle and lean hog contracts closed lower as neither of the contracts could attract substantial support. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.95 with a weighted average of $123.57 on 7,897 head. July corn is up 4 cents per bushel and July soybean meal is down $0.30. The Dow Jones Industrial Average is up 586.89 points and NASDAQ is up 111.10 points.