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DTN Closing Livestock Comment 02/17 16:02
Strong Trader Support Helped Drive Livestock Contracts Higher
The cattle complex had a rather fruitful day as support poured into the
market, and trades were eager to push the contracts higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex had a rather successful day as all three of the
markets closed higher as traders eagerly jumped into the new week. New
showlists appear to be mixed, higher in Nebraska/Colorado, about steady in
Kansas, and lower in Texas. March corn is down 5 1/2 cents per bushel and March
soybean meal is down $3.40. The Dow Jones Industrial Average is up 32.26 points
and the NASDAQ is up 31.71 points.
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