DTN Closing Livestock Comment 12/03 16:17
Traders Push the Livestock Contracts Higher Through Wednesday's Close
Still no trade has developed in the fed cash cattle market, but packer
interest should improve on Thursday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Overall, it was a mostly supportive day for the livestock contracts as all
three of the markets closed higher. Still no trade has developed in the fed
cash cattle market, but asking prices are noted at $225 in the South. March
corn is down 6 1/2 cents per bushel and January soybean meal is down $0.30. The
Dow Jones Industrial Average is up 408.44 points and the NASDAQ is up 40.42
points.
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