DTN Closing Livestock Comment 05/19 15:56
Cattle Rallied Thanks to Consumer Demand
It was another mixed day for the livestock complex as the cattle contracts
rallied mildly, but the hog contracts continue to drift lower as support isn't
developing.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed, with the cattle contracts able to
rally mildly through the day's end, while the lean hog contracts continue to
struggle. Still no cash cattle trade has developed. July corn is down 1 3/4
cents per bushel and July soybean meal is down $2.20. The Dow Jones Industrial
Average is down 322.24 points and the NASDAQ is down 220.02 points.
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