DTN Closing Livestock Comment 03/20 16:10
Cattle Find Support Ahead of Friday's Close
Heading into Friday's market, be on the lookout for any developments in the
fed cash cattle market and for the afternoon's USDA March 1 Cattle on Feed
report.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex again closed mixed as the cattle contracts grew
stronger ahead of the day's close, but the lean hog contracts still faced some
pressure. Still no cash cattle trade has developed as feedlot managers hold out
in hopes of higher prices. May corn is up 7 cents per bushel, and May soybean
meal is down $0.60. The Dow Jones Industrial Average is down 11.31 points.
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