Wednesday, June 19, 2024  
 
 
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DTN Closing Livestock Comment 06/18 16:12
   Lackadaisical Tones Keep with the Livestock Complex Through Closing

   The livestock complex traded cautiously again throughout Tuesday's market as
traders seem to be waiting to see what happens fundamentally (in regard to pork
demand and cash cattle sales) later in the week before they really move the
contracts.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was another quiet day throughout the livestock complex as both the live
cattle and feeder cattle contracts closed lower, but the deferred lean hog
contracts were able to round out the day slightly higher. Still no cash cattle
trade has developed but it's likely that packer interest will improve by
Thursday. Hog prices averaged $89.02 on the Daily Direct Afternoon Hog Report,
ranging from $83.00 to $91.00 on 7,523 head. July corn is up 6 1/4 cents per
bushel and July soybean meal is up $4.30. The Dow Jones Industrial Average is
up 56.76 points.
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