DTN Closing Livestock Comment 04/20 15:22
Mixed Tones Dominate the Livestock Complex at Monday's Close
Boxed beef prices closed higher, but traders want to see support from the
cash market before they'll likely aggressively push the live cattle or feeder
cattle contracts too much higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed as the live cattle and feeder
cattle contracts closed lower while the lean hog contracts closed mixed. More
than anything, it will be imperative that fundamental support remains evident
for traders this week. New showlists appear to be modestly lower in Kansas, and
lower in Texas and Nebraska/Colorado. May corn is up 3 1/4 cents per bushel and
July soybean meal is down $6.00. The Dow Jones Industrial Average is down 4.87
points and the NASDAQ is down 64.09 points.
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