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DTN Closing Livestock Comment 03/23 15:57
Cattle Close Higher Monday Afternoon Thanks to Trader Support
Traders were eager to help the cattle contracts trade higher throughout the
day, but in order to keep that momentum through the week, they'll need to see
some fundamental support arise.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed, with the cattle contracts seeing
modest growth throughout the day, but the lean hog contracts fell lower
throughout the day's close. New showlists appear to be somewhat lower in
Nebraska/Colorado and much lower in Kansas and Texas. May corn is down 6 cents
per bushel, and May soybean meal is down $1.40. The Dow Jones Industrial
Average is up 631.00 points, and the NASDAQ is up 299.15 points.
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