DTN Closing Livestock Comment 02/09 15:38
Cattle Inch Higher While Hogs Close Mixed
Heading into Tuesday's market, the cattle complex is hoping to continue
scaling higher, although it's unlikely that any fed cash cattle trade will
develop until later in the week.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed, with the cattle contracts finding some
mild support, while the lean hog complex faced some pushback in its nearby
contracts. New showlists are higher in Texas and Kansas, but mostly steady in
Nebraska/Colorado. March corn is down 1 1/2 cents per bushel and March soybean
meal is down $5.80. The Dow Jones Industrial Average is up 20.20 points and the
NASDAQ is up 207.46 points.
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