DTN Closing Livestock Comment 08/17 15:46
Cattle Close Lower While Hogs Maintain a Minor Rally Through Monday's End
Traders understand that the cattle complex could be challenged in the
upcoming days and elected to let most of the cattle contracts close lower.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed with the lean hog contracts
closing slightly higher thanks to continued trader support, but the cattle
contracts ended the day softer. New showlists for the week are mostly steady in
Texas and Nebraska, but higher in Kansas. December corn is up 6 1/4 cents per
bushel and December soybean meal is up $2.40. The Dow Jones Industrial Average
is down 272.63 points and the NASDAQ is down 84.25 points.
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