DTN Closing Livestock Comment 07/08 16:06
Cattle Soar Higher
Heading into Wednesday's trade, packer interest could improve.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a tremendous day for the cattle complex as both the live cattle and
feeder cattle markets were able to score new contract highs thanks to plentiful
support. No cash cattle trade developed throughout the day. July corn is down 7
cents per bushel and July soybean meal is down $1.30. The Dow Jones Industrial
Average is down 165.60 points and NASDAQ is up 5.94 points.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|
