DTN Closing Livestock Comment 06/28 15:58
28 Jun 2021
DTN Closing Livestock Comment 06/28 15:58 Cattle Fear Higher Corn Prices While Hogs Find Much-Needed Support The corn market's surge put a damper on the cattle contracts, but the lean hog market didn't mind as technical support allowed the contracts to rally. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Cattle futures didn't have much luck with Monday's trade on a technical front, but the lean hog contracts didn't bat an eye about trading higher after being mostly lower last week. Hog prices closed lower on the National Direct Afternoon Hog Report, down $4.36 with a weighted average of $112.53 on 5,916 head. December corn is up 28 cents per bushel and December soybean meal is up $4.40. The Dow Jones Industrial Average is down 150.57 points and NASDAQ is up 140.12 points.