DTN Closing Livestock Comment 04/15 15:50
Livestock Contracts Drift Lower Without Adequate Support Surfacing
Without any major fundamental support arising in the market, traders let the
livestock contracts drift lower throughout the day.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed lower Wednesday afternoon as traders simply
didn't see enough fundamental support in the complex to allow the contract to
close higher. No cash cattle trade developed throughout the day, but a bid of
$248 was offered throughout the day in Kansas. May corn is up 8 1/4 cents per
bushel and May soybean meal is up $4.70. The Dow Jones Industrial Average is
down 72.27 points and the NASDAQ is up 376.94 points.
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