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DTN Closing Livestock Comment 05/06 15:46
Cattle Close Higher While Hogs Remain Pressured
With the help of trader support and external support from strength in the
equity markets, the cattle contracts closed higher, although no cash cattle
trade has developed yet.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed with the cattle contracts, finding mild
support, while the hog complex ended the day lower. Still no cash cattle trade
has developed, but a bid of $400 was offered throughout the day in Nebraska.
July corn is down 11 1/2 cents per bushel and July soybean meal is down $3.10.
The Dow Jones Industrial Average is up 612.34 points and the NASDAQ is up
512.81 points.
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