DTN Livestock Close: Uneven, Uneventful Price Action

Texas A&M AgriLife Extension Service photo by Adam Russell

The cattle complex closed in narrow ranges and mixed prices as traders cautiously positioned ahead of cash news and the late-week posting of the July 1 on-feed report. Lean hog futures also closed without consistent trend thanks in part to a variety of spreading strategies.

GENERAL COMMENTS

The cash cattle trade remained untested with bids and asking prices separated by as much as $7 on a live basis (e.g., $108 versus $115). According to the closing report, the national hog base is $1.32 lower compared with the Prior Day settlement ($65-$72.99, weighted average $69.25).

Corn futures closed generally 4 cents higher, supported dry weather forecasts, especially in the Southern Plains. The stock market closed lower with the Dow off 134 points and the Nasdaq down by 29.

The Latest


Send press releases to Ernst@Agfax.com.

View All Events


Send press releases to Ernst@Agfax.com.

View All Events