DTN Closing Livestock Comment 05/27 15:11
Trader Support Helps Drive Livestock Contracts Higher through Wednesday's
Close
With beef demand holding strong, traders were willing to push the cattle
contracts higher throughout the day.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mostly higher as the cattle contracts
rallied throughout the day, but the lean hog complex was also able to
strengthen its position ahead of the day's close. Still no cash cattle trade
has developed. July corn is down 5 cents per bushel and July soybean meal is up
$2.00. The Dow Jones Industrial Average is up 199.67 points and the NASDAQ is
up 11.12 points.
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