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DTN Closing Livestock Comment 03/27 15:40
Traders Turn Supportive of the Cattle Complex
Traders shook their cautious nature and thankfully became fully supportive
of the cattle contracts ahead of Thursday's close.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a winning day for the cattle complex as both of the contracts closed
higher, and even the spot June live cattle contract scored a new contract
higher. Still no cash cattle trade has developed. May corn is down 1 1/4 cents
per bushel and May soybean meal is up $0.90. The Dow Jones Industrial Average
is down 155.09 points.
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