DTN Closing Livestock Comment 06/05 15:29
Cattle Contracts Rally Thanks to Ample Trade Support
It was a low-key Friday for the livestock complex as the cattle contracts
continued to rally, but the lean hog contracts ended the day lower.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
All in all, it was a quiet day for the livestock complex as the cattle
contracts continued to scale higher while the lean hog contract fell sharply
lower ahead of the week's end. A few more sales were noted in the cash cattle
market, but the trade volume today was minimal. July corn is down 7 cents per
bushel and July soybean meal is down $5.20. The Dow Jones Industrial Average is
down 695.15 points and the NASDAQ is down 1,121.53 points.
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