DTN Closing Livestock Comment 06/03 15:34
Cattle Traders Continue to Worry about New World Screwworm
Even though fears of New World screwworm continue to trouble the cattle
contracts, some light trade developed in the North at steady money.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The cattle contracts ended the day lower as traders remain on edge amid
looming concerns of New World screwworm. Some light cash cattle trade developed
in the North at $405, which is steady with last week's weighted average. July
corn is down 9 cents per bushel and July soybean meal is down $5.40. The Dow
Jones Industrial Average is down 620.72 points and the NASDAQ is down 239.92
points.
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