DTN Closing Livestock Comment 06/10 16:13
10 Jun 2022
DTN Closing Livestock Comment 06/10 16:13 Lean Hogs See Support Ahead of Week's Close Heading into Monday's market, all eyes will be on showlists and asking prices as feedlots gained leverage this past week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a powerhouse week for the cattle contracts. even though by Friday's end. both the live cattle and feeder cattle contracts closed lower. The lean hog market was finally able to catch a break and see higher trade ahead of the weekend. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.69 with a weighted average of $115.30 on 3,968 head. July corn is up 1/4 cent per bushel and July soybean meal is up $1.60. The Dow Jones Industrial Average is down 880.00 points.