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DTN Closing Livestock Comment 12/26 15:48
Feeder Cattle Close $3.00 to $4.00 Higher
Heading into Friday's market be on the lookout for the week's export report
and any developments in the cash cattle market.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex was met with tremendous trade support following
Christmas day as traders were pleased to see stronger boxed and pork cutout
values. No significant trade volumes accumulated throughout the day in the fed
cash cattle market -- but it is assumed that prices will again be higher this
week when trade does finally break loose. March corn is up 5 1/4 cents per
bushel and March soybean meal is up $13.30. The Dow Jones Industrial Average is
up 28.77 points.
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