DTN Closing Livestock Comment 04/22 15:10
Cattle Futures Remain Cautious While Hogs Maintain Momentum Through Closing
There was a thin cash cattle trade noted in the North, but not enough volume
has sold to say any sort of trend has developed.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Wednesday, livestock futures closed mixed as the cattle complex remains too
skeptical to be overly bullish and the lean hog complex has come into some
support. Some light cash cattle trade developed in Nebraska, but not enough
volume has traded to say any sort of a trend has been established yet for the
week. May corn is steady and July soybean meal is down $3.80. The Dow Jones
Industrial Average is up 265.20 points and NASDAQ is up 343.57 points.
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