DTN Closing Livestock Comment 07/01 16:07
Livestock Contracts Charge Higher Ahead of the 4th of July Holiday
Heading into next week's market both the live cattle and lean hog markets
have their work cut out for them.
DTN Livestock Analyst
By Friday's end, the livestock contracts were able to walk away from the
market with a mostly higher conclusion. But heading into next week's market,
the live cattle and lean hog contracts will again be looking for support as
their markets are wavering. Hog prices closed lower on the Daily Direct
Afternoon Hog Report, down $4.69 with a weighted average of $114.22 on 4,439
head. December corn is down 12 1/4 cents per bushel and December soybean meal
is down $17.50.
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