DTN Closing Livestock Comment 06/15 16:01
Cattle Close Higher Thanks to Stronger Beef Demand
With boxed beef prices stronger, both the live cattle and feeder cattle
contracts were able to close higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The cattle contracts ended the day stronger as consumer demand was strong.
New showlists appear to be mixed, higher in Kansas and Nebraska/Colorado, but
lower in Texas. July corn is up 2 3/4 cents per bushel and July soybean meal is
up $0.70. The Dow Jones Industrial Average is up 468.77 points and the NASDAQ
is up 795.10 points.
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