DTN Closing Livestock Comment 06/09 15:31
Hogs Press Onward Through Friday's End
Heading into next week's market, cattlemen are anxious to see how packers
regard the cash cattle complex after having to pay higher prices yet again this
DTN Livestock Analyst
The lean hog complex ran higher through Friday's end, but both the live
cattle and feeder cattle contracts closed mixed as their markets weren't as
widely supported. Hog prices closed lower on the Daily Direct Afternoon Hog
Report, down $8.60 with a weighted average price of $85.52 on 1,208 head. July
corn is down 6 cents per bushel and July soybean meal is down $6.80. The Dow
Jones Industrial Average is up 43.63 points.
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