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DTN Closing Livestock Comment 01/13 15:39
Cattle Rally as the Market's Bullishness Grows
Still no cash cattle trade has developed, but with the board's stronger
tone, there's a good chance that when trade develops later this week, prices
will be higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
All in all, it was a supportive day for the livestock complex as most of the
contracts closed higher. But the biggest gains were undoubtedly seen in the
cattle complex, where the market's bullish undertone continues to grow stronger
and stronger. March corn is down 1 3/4 cents per bushel and March soybean meal
is down $6.70. The Dow Jones Industrial Average is down 490.19 points and the
NASDAQ is down 93.57 points.
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