DTN Closing Livestock Comment 05/30 15:22
30 May 2023
DTN Closing Livestock Comment 05/30 15:22 Katy Bar the Door! Livestock Soared Through Tuesday's Market Traders ran the livestock contracts higher throughout all of Tuesday's market as they felt the relief of the corn market's pressure. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was an exhilarating day for the livestock complex as weaker corn prices incentivized traders of the livestock markets aggressively. No cash cattle trade was reported, but business could begin to develop some time Wednesday at the earliest. Hog prices on the Daily Direct Afternoon Hog Report averaged $75.15 on 4,106 head. July corn is down 10 cents per bushel and July soybean meal is down $9.60. The Dow Jones Industrial Average is down 69.17 points.