DTN Closing Livestock Comment 06/21 16:03

DTN Closing Livestock Comment 06/21 16:03
   Cash Cattle Trade another $3.00 to $6.00 Higher

   Feedlots again ran cash cattle prices higher as Northern sales are beginning
to be reported at $310 to $312, and Southern live cattle are selling at $189 to
$191.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   Feedlot managers are again reaping the benefits of sticking to their guns
and waiting until late in the week to market their pens as prices traded
anywhere from $3.00 to $6.00 higher again this week. Hog prices closed lower on
the Daily Direct Afternoon, down $1.17 with a weighted average price of $86.04
on 3,292 head. July corn is down 4 3/4 cents per bushel and July soybean meal
is up $4.20. The Dow Jones Industrial Average is up 15.57 points.

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