DTN Closing Livestock Comment 08/07 15:44
Traders Push the Cattle Contracts Higher Through Friday's End
Some light cash cattle trade developed throughout the day, but largely the
week's business was done on Thursday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed, with the cattle contracts able to
end the day mostly higher, but only the lean hog nearby contracts ended the day
stronger. Some light cleanup trade was noted throughout the day in the cash
market, but prices held steady with the week's weighted average. December corn
is steady and December soybean meal is steady. The Dow Jones Industrial Average
is up 151.83 points and the NASDAQ is up 342.27 points.
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