DTN Closing Livestock Comment 06/29 16:06
Cash Cattle Trade Mostly Steady to $1.00 Lower
Heading into Thursday's market, tracking export demand will be the market's
first big to-do.
DTN Livestock Analyst
The cash cattle market saw trade develop throughout the day at steady to
$1.00 lower in the South and mostly $1.00 lower in the North. Heading into
Thursday's market, both the cattle and hog markets are hopeful for strong
export interest. Hog prices closed higher on the Daily Direct Afternoon Hog
Report, up $1.40 with a weighted average of $121.18 on 12,187 head. December
corn is down 5 1/2 cents per bushel and July soybean meal is up $8.10. The Dow
Jones Industrial Average is up 82.32 points.
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