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DTN Closing Livestock Comment 06/11 15:51
   Lower Tones Follow the Livestock Contracts through the End of the Day

   All three of the livestock markets closed lower Tuesday afternoon as traders
kept an arm's distance from the complex.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was a lackadaisical technical day for the livestock contracts as all
three markets closed lower. No cash cattle trade developed throughout the day,
but early asking prices could be noted on Wednesday. The monthly WASDE report
will also be shared Wednesday morning which will hopefully give pork producers
a better understanding of what demand will look like in the second half of the
year. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down
$1.08 with a weighted average price of $87.50 on 6,595 head. July corn is down
2 1/4 cents per bushel and July soybean meal is down $8.70. The Dow Jones
Industrial Average is down 148.44 points.
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