DTN Closing Livestock Comment 06/03 16:53
3 Jun 2022
DTN Closing Livestock Comment 06/03 16:53 Cattle Round Out Friday's Trade With Optimism Heading into next week's market, cattlemen are more optimistic about what may be next than what they have in weeks past as technical support is developing. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Friday ended on a positive note for the cattle contracts, but not for the lean hog market. Come Monday, the live cattle market will be watching to see if traders still favor pushing the market higher and feeders will be closely eyeing the corn market. Hog prices closed $3.13 lower on the Daily Direct Afternoon Hog Report with a weighted average of $112.09 on 3,480 head. July corn is down 3 1/4 cents per bushel and July soybean meal is down $7.00. The Dow Jones Industrial Average is down 348.58 points.