DTN Closing Livestock Comment 05/29 15:42
Weaker Tones Dominate the Livestock Complex at Friday's Close
Without enough fundamental support having developed, the livestock contracts
ended the day lower on Friday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
All in all, it was a disappointing day for the livestock complex, as little
support developed and all three livestock markets ended the day lower.
Throughout the day, Southern live cattle were marked at mostly $256 to $257,
but mostly at $257, which is $3.00 lower than last week's weighted average and
Northern dressed cattle traded at mostly $405, which is $5.00 lower than last
week's weighted average. July corn is down 9 cents per bushel and July soybean
meal is down $4.30. The Dow Jones Industrial Average is up 363.49 points and
the NASDAQ is up 55.15 points.
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