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DTN Closing Livestock Comment 04/08 15:30
Cattle Inch Higher While Hogs Close Lower
The cattle contracts were able to mildly rally throughout the day as traders
remain hopeful that fundamental support will strengthen later in the week.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed again, with cattle contracts ending the
day stronger, while hog contracts weakened. Still no cash cattle trade
developed, and no bids surfaced throughout the day. May corn is down 1 3/4
cents per bushel and May soybean meal is up $2.30. The Dow Jones Industrial
Average is up 1,325.46 points and the NASDAQ is up 617.15 points.
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