DTN Closing Livestock Comment 05/13 15:30
Wednesday Helped Drive Livestock Contracts Higher, Cash Cattle Prices Too
Traders helped keep the livestock contracts higher through Wednesday's end
and the cash market saw another bump in prices.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended Wednesday higher as traders supported the
contracts all the way through the close. But what was most thrilling to note
was the jump in fed cash cattle prices as some Northern cattle traded for $410
-- which is $7.00 higher than last week's weighted average. July corn is up 3/4
cent per bushel and July soybean meal is up $10.10. The Dow Jones Industrial
Average is down 67.36 points and NASDAQ is up 314.14 points.
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