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DTN Closing Livestock Comment 06/08 15:40
Southern Feedlots Remain Strong Thursday
Some Southern trade developed at $185, but some feedlots continue to hold
out for more money as their asking prices are firm at $186 to $190.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The futures complex struggled again throughout the day, and all three of the
livestock markets closed lower. However, both the cash cattle and feeder cattle
markets continue to be met with tremendous demand in the countryside. Hog
prices closed higher on the Daily Direct Afternoon Hog Report, up $1.01 with a
weighted average price of $94.12 on 11,106 head. July corn is up 6 cents per
bushel and July soybean meal is down $1.20. The Dow Jones Industrial Average is
up 168.59 points.
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