DTN Closing Livestock Comment 06/05 16:10
Cattle Contracts Slip Lower Through Closing
As the market wraps up another week, weekly averages shift lower as the
futures complex was pressured.
DTN Livestock Analyst
Livestock contracts closed the week mostly lower, and with anticipation that
on the cattle side of things, prices are going to get cheaper before they go
higher. Hog prices closed lower on the National Direct Afternoon Hog Report,
down $0.83 with a weighted average of $32.14 on 5,626 head sold. July corn is
up 2 1/4 cents per bushel and July soybean meal is down $0.70. The Dow Jones
Industrial Average is up 829.16 points and NASDAQ is up 198.27 points.
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