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DTN Closing Livestock Comment 12/30 16:23
Traders Push the Livestock Contracts Higher
Traders were willing to push the livestock contracts higher through
Tuesday's end, as they're optimistic about the year ahead.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex had another successful day, where the contracts all
closed higher. Still no cash cattle trade has developed, but asking prices in
the South are noted at $232. March corn is down 1 3/4 cents per bushel, and
March soybean meal is down $1. The Dow Jones Industrial Average is down 94.87
points, and the NASDAQ is down 55.27 points.
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