DTN Closing Livestock Comment 07/07 15:22
Livestock Contracts Continue to Skate Lower
Livestock contracts ended the day lower again as traders continued to seek
stronger fundamental support.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock contracts ended the day lower as little fundamental support
arose throughout the day. The fed cash cattle market also sat idle without any
bids or asking prices having developed yet. December corn is up 6 1/2 cents per
bushel and December soybean meal is up $3.00. The Dow Jones Industrial Average
is down 130.76 points and the NASDAQ is down 302.47 points.
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