DTN Closing Livestock Comment 05/20 15:41
Mixed Tones Summarize the Livestock Complex on Tuesday Afternoon
Still no cash cattle trade has developed, and with packers having been able
to buy up some supply, prices could hold steady this week.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a fairly quiet day for the livestock complex, with the only real
excitement being that of the uptick in boxed beef prices. Still no cash cattle
trade has developed. July corn is up 7 cents per bushel and July soybean meal
is up $1.50. The Dow Jones Industrial Average is down 114.83 points and the
NASDAQ is down 72.75 points.
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