DTN Closing Livestock Comment 07/28 15:38
Traders Regain Focus and Push the Livestock Contracts Higher
Thankfully, traders were willing to put Monday's market panic behind them
and mostly helped advance the contracts on Tuesday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Thankfully, most of the livestock complex was able to rally through
Tuesday's close, putting the fears that had mostly dominated Monday behind it.
The cash cattle market was mostly quiet throughout the day, although some light
trade was noted. December corn is up 6 1/2 cents per bushel and December
soybean meal is up $3.70. The Dow Jones Industrial Average is up 537.24 points
and the NASDAQ is down 55.17 points.
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