DTN Closing Livestock Comment 05/28 15:37
Traders Send Cattle Contracts Lower Upon Not Seeing Enough Fundamental
Support
Still no cash cattle trade has developed, but bids were offered at $253 in
both Kansas and Nebraska.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed, with the cattle contracts closing
weaker, but the lean hog contracts were met with mild trader support. No cash
cattle trade developed throughout the day. July corn is up 3 1/4 cents per
bushel and July soybean meal is up $3.50. The Dow Jones Industrial Average is
up 24.69 points and the NASDAQ is up 242.74 points.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|
