DTN Closing Livestock Comment 07/02 16:27
2 Jul 2021
DTN Closing Livestock Comment 07/02 16:27 Livestock Contracts Trade Quietly Ahead of Nation's Birthday The livestock contracts rounded out the week with modest gains in both the feeder cattle and lean hog markets, while the live cattle complex faded lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a quiet day throughout the livestock complex as most traders peeled out of the marketplace early to enjoy an extra-long weekend. Looking ahead to next week's trade, the market could be slow to start Tuesday morning, but by Wednesday, the irregularities that holiday weeks bring should be well behind the market. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.18 with a weighted average of $108.21 on 3,915 head. December corn is down 9 1/4 cents per bushel, and December soybean meal is down $0.40. The Dow Jones Industrial Average is up 143.80 points, and the NASDAQ is up 113.85 points.