DTN Market Commentary

DTN Closing Livestock Comment 06/04 16:07

6/4/2020 - 16:38:00

DTN Closing Livestock Comment 06/04 16:07
   Livestock Board Closes Higher, Cash Trade Heads Lower

   Thursday was able to muster up support midmorning and carried the positive
movement through closing.

ShayLe Stewart
DTN Livestock Analyst


   Thursday was a positive day for the board as all three markets closed
higher, but the two cash markets teetered lower. Hog prices closed lower on the
National Direct Afternoon Hog Report, down $0.82 with a weighted average of
$32.97 on 6,617 head sold. July corn is up 5 cents per bushel and July soybean
meal is up $3.50. The Dow Jones Industrial Average is up 11.93 points and
NASDAQ is down 67.10 points.