DTN Closing Livestock Comment 05/22 15:35
Weaker Tones Followed Livestock Complex Into the Long Weekend
Heading into the long weekend, traders let the livestock contracts fall
lower through Friday's close.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mostly lower as the cattle contracts
feared what the afternoon's Cattle on Feed report may showcase, and the hog
contracts simply can't find the support they need to add stability to the
market. No new cash cattle trade developed throughout the day. July corn is up
1 cent per bushel and July soybean meal is up $3.50. The Dow Jones Industrial
Average is up 332.00 points and the NASDAQ is up 42.79 points.
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