| |
DTN Closing Livestock Comment 03/19 16:01
Cattle Continue to Rally
Heading into Thursday's trade, be on the lookout for any developments in the
cash cattle market and to see how the morning's export report fares.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The cattle complex had another victorious day, as both the live cattle and
feeder cattle contracts closed higher as traders were pleased with the note of
stronger choice cuts and believe the cash cattle market will trade higher later
this week. Meanwhile, the lean hog complex closed lower as technical pressure
remains bothersome. May corn is up 3 1/4 cents per bushel, and May soybean meal
is down $2.20. The Dow Jones Industrial Average is up 383.32 points.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
|
|
