DTN Closing Livestock Comment 07/09 15:31
Early Cash Cattle Trade is Lower
Some light cash cattle trade developed in both regions with prices ranging
anywhere from $7.00 to $10.00 lower than last week's weighted averages.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended Thursday mixed as the cattle contracts closed
lower but the lean hog contracts found support. There was some light cash
cattle trade noted at $248 in the South (down $7.00 from last week's weighted
average) and some Northern dressed cattle traded at $393 (which is down $10.00
from last week's weighted average). December corn is down 4 1/4 cents per
bushel and December soybean meal is up $4.20. The Dow Jones Industrial Average
is up 139.02 points and NASDAQ is up 336.24 points.
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