DTN Closing Livestock Comment 04/25 15:59
Feedlot Managers Again Push Fed Cattle Prices Higher
Sales are still relatively thin in the cash market, but live cattle in the
South are trading $2.00 to $3.00 higher, and live sales in the North are being
called $4.00 higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a grandiose day for the livestock complex as all three of the markets
closed higher. Although the fed cash cattle market waited to trade until the
week's bitter end, feedlot managers accomplished another successful trade as
prices were higher. May corn is up 1 1/2 cents per bushel and May soybean meal
is up $1.30. The Dow Jones Industrial Average is up 20.10 points and NASDAQ is
up 216.90 points.
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