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DTN Closing Livestock Comment 02/10 15:46
Livestock Contracts Close Lower Tuesday Afternoon
It was a lower-trending day for the livestock complex, as all three markets
softened through the day's end, with traders hoping to see greater fundamental
support develop.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended mostly lower Tuesday afternoon as traders yearn
to see greater fundamental support. Still no cash cattle trade has developed,
and trade will likely be delayed until Thursday or Friday. March corn is steady
and March soybean meal is up $3.00. The Dow Jones Industrial Average is up
52.27 points and the NASDAQ is down 136.20 points.
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