DTN Closing Livestock Comment 05/11 16:22
Market Chaos Drove the Cattle Contracts Lower
With external pressure weighing against the cattle complex, traders pushed
the contracts lower throughout most of the day.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed, with cattle contracts finishing
weaker while hog contracts found modest support. Throughout the day some light
trade was noted in the South at $260 which is $3.00 higher than last week's
weighted average and some light trade was noted in the North at $400 which is
$2.00 to $3.00 lower than the previous week's weighted average. July corn is up
4 cents per bushel and July soybean meal is up $5.10. The Dow Jones Industrial
Average is up 95.31 points and the NASDAQ is up 27.05 points.
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