DTN Closing Livestock Comment 07/10 16:04
Livestock Contracts Close Mixed Thursday Afternoon
Heading into Friday's market, be on the lookout for developments in the fed
cash cattle market and for the morning's WASDE report.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a mixed day for the cattle complex as the feeder cattle contracts ran
higher upon the border being closed again, the live cattle complex closed mixed
with traders still unsure of what this week's fed cash cattle market is going
to do, and the lean hog complex closed lower mainly because of weaker exports
and a lack of trader support. July corn is down 5 1/4 cents per bushel and July
soybean meal is up $2.40. The Dow Jones Industrial Average is up 192.34 points
and the NASDAQ is up 19.32 points.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|
