DTN Closing Livestock Comment 06/14 16:17
14 Jun 2022
DTN Closing Livestock Comment 06/14 16:17 Slaughter Speeds Lag Tuesday Wednesday will be a big day for the cattle market as packers are expected to show the market more interest and feeders will sell on Superior's Corn Belt Classic sale. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as feeders closed lower, live cattle closed higher and hogs rounded out the day mixed. It was nerving to see both hog and cattle slaughter speeds reduced and Monday's estimates revised. Heading into Wednesday, the market will be busy as Superior hosts their Corn Belt Classis sale and packers are expected to hunt the cash market more aggressively. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $6.09 with a weighted average of $119.25 on 17,652 head. July corn is down 1 cent per bushel and July soybean meal is down $4.10. The Dow Jones Industrial Average is down 151.91 points.