DTN Closing Livestock Comment 12/16 15:58
Livestock Contracts Close Higher Tuesday Afternoon
The livestock complex closed mostly higher Tuesday afternoon as traders
continue to drive the contracts higher with or without fundamental support.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mostly higher as traders remain active and
thoroughly supportive of the livestock contracts. Still no cash cattle trade
has developed, but asking prices are noted at $233 plus in the South. March
corn is down 3 1/4 cents per bushel and January soybean meal is down $1.10. The
Dow Jones Industrial Average is down 302.30 points and the NASDAQ is up 54.05
points.
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