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DTN Closing Livestock Comment 05/20 15:49
Weaker Trends Keep with the Livestock Contracts through Wednesday's Close
With fundamental support extremely hard to come by this week, the livestock
contracts ended the day lower.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex had a lousy day where essentially not enough
fundamental support developed, so the contracts simply ended the day weaker.
Some light cash cattle trade was noted in the North, but not enough cattle
traded to say that any sort of trend has been established for the week. July
corn is down 9 1/2 cents per bushel and July soybean meal is down $1.40. The
Dow Jones Industrial Average is up 645.47 points and the NASDAQ is up 399.65
points.
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