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DTN Closing Livestock Comment 04/17 15:28
Lower Tones Mark Livestock Complex Through to Close Trade
The livestock contracts ended the day lower as traders never saw the
fundamental support they yearned to see.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rounded out the week on a lower note as traders simply
weren't confident the market actually possessed enough support to push the
contracts any other direction other than lower. Some light cash cattle trade
developed throughout Friday but prices held mostly steady with Thursday's
trade. May corn is up 1/4 cent per bushel and May soybean meal is down $0.90.
The Dow Jones Industrial Average is up 868.71 points and NASDAQ is up 365.78
points.
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