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DTN Closing Livestock Comment 07/30 15:58
Cattle Complex Continues to Run Higher
Thus far, the week's cash cattle trade has been thin, so more business will
likely develop on Friday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed, with the cattle complex flush
with support, but the lean hog contracts still struggling as consumer support
has softened. With the week's cash cattle trade thin thus far, it's expected
that more business will develop on Friday. December corn is down 3 1/4 cents
per bushel and December soybean meal is down $0.70. The Dow Jones Industrial
Average is up 613.92 points and the NASDAQ is up 679.24 points.
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