DTN Closing Livestock Comment 03/20 15:40
Cattle Contracts Close Higher Thanks to Steady Cash Trade
Cash cattle prices were able to hold steady, which helped traders push the
cattle contracts higher through the day's close.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Mixed tones followed the livestock complex through Friday, as traders were
pleased to see steady trade in the fed cash cattle market but didn't find the
fundamental support they needed in the hog sector. Southern live cattle were
marked at mostly $235 and Northern dressed cattle were traded at $372, both of
which were fully steady with the previous week's weighted average. May corn is
down 4 1/4 cents per bushel and May soybean meal is down $4.50. The Dow Jones
Industrial Average is down 443.96 points and the NASDAQ is down 443.08 points.
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