DTN Closing Livestock Comment 12/06 15:23
Cash Cattle Traded Steady to $2 Higher Again This Week
Thankfully the livestock complex closed Friday's market mostly higher as
fundamental support finally surfaced and gave traders what they needed.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rounded out the day higher thanks to the added support
of stronger cash cattle prices and better demand for pork cuts. Heading into
next week's market, the cash cattle complex could trade higher again as packers
weren't overly aggressive in this week's market. March corn is up 5 cents per
bushel and January soybean meal is down $3.70. The Dow Jones Industrial Average
is down 123.19 points
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|