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DTN Closing Livestock Comment 12/15 15:49
Cattle Close Lower, Hogs Close Mixed Monday Afternoon
Traders continue to desire to push the cattle contracts higher, but won't do
so ahead of seeing what amounts to fundamental support.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed Monday afternoon as traders desire to
push the cattle contracts higher but aren't willing to do so until they know
they have enough support to challenge the market's 100-day moving average. New
showlists appear to be lower in all major feeding states. March corn is down 1
cent per bushel, and January soybean meal is up $1.00. The Dow Jones Industrial
Average is down 41.49 points and the NASDAQ is down 137.76 points.
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