DTN Closing Livestock Comment 08/14 15:52
Weakness Follows Livestock Contracts Through Friday's Close
Only a handful of cash cattle sales have been reported in the South, but
cattle were mostly being marked at $228, which is $7.00 lower than last week's
weighted average.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended Friday softer as fundamental support was hard to
come by this week. A few live cattle sales were noted at $228, which is $7.00
lower than last week's weighted average. December corn is up 11 1/4 cents per
bushel and December soybean meal is up $2.30. The Dow Jones Industrial Average
is down 107.58 points and NASDAQ is down 73.87 points.
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