DTN Closing Livestock Comment 06/14 15:27
14 Jun 2024
DTN Closing Livestock Comment 06/14 15:27 Higher Cash Cattle Prices Rally the Cattle Complex It's always a good day for the cattle market when cash cattle prices can trade $1.00 to $5.00 higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The week's excitement may have been slowly coming, but Friday was a powerful day for the cattle complex as traders wasted no time in trading both the live cattle and feeder cattle markets higher thanks to the support of the cash cattle market. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.74 with a weighted average price of $87.61 on 2,619 head. From Friday-to-Friday livestock futures scored the following changes: June live cattle up $4.65, August live cattle up $6.00; August feeder cattle up $7.05, September feeder cattle up $6.85; June lean hogs down $1.35, July lean hogs up $0.15; July corn up $0.01, September corn up $0.02.