DTN Closing Livestock Comment 07/05 16:14
Weakness Ripples Through Livestock Market
The cash cattle market should see some more interest develop come Wednesday,
but who will win this week's cash market is yet to be seen.
DTN Livestock Analyst
It was a tough start to the week for the livestock complex as the commodity
market's lower tone drove most of the livestock contracts lower. The lean hog
market was able to advance its nearby contracts higher as phenomenal demand
supported the market's move, as packers bought aggressively in the cash market
and consumers were aggressive at the meat counter too. Hog prices closed higher
on the Daily Direct Afternoon Hog Report, up $6.24 with a weighted average of
$120.46 and on 13,765 head. December corn is down 29 cents per bushel and
December soybean meal is down $11.60. The Dow Jones Industrial Average is down
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