DTN Closing Livestock Comment 04/16 16:00
Traders Led Livestock Contracts Lower Thursday
Some light cash cattle trade did develop, and prices were mostly steady in
the South to $1.00 lower in the North.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day lower as traders continue to yearn for
one thing -- greater fundamental support. Some light cash cattle trade did
develop, and prices were mostly steady in the South to $1.00 lower in the
North. May corn is down 2 3/4 cents per bushel and May soybean meal is down
$1.70. The Dow Jones Industrial Average is up 115.00 points and the NASDAQ is
up 86.68 points.
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