DTN Closing Livestock Comment 02/25 15:25
Traders Continue to Push the Livestock Contracts Higher
With traders willing to push the contracts higher, the livestock contracts
successfully closed higher Wednesday afternoon.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
With more than enough technical support backing the complex, the livestock
contracts were able to successfully rally through Wednesday's close. Still no
cash cattle trade has surfaced. May corn is up 3 1/2 cents per bushel and May
soybean meal is up $7.40. The Dow Jones Industrial Average is up 307.65 points
and the NASDAQ is up 288.40 points.
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