DTN Closing Livestock Comment 12/04 15:45
Wednesday Mostly Uneventful as Livestock Contracts Closed Lower
It was a lackadaisical day for the livestock complex as traders let the
contracts drift lower through Wednesday's end as fundamental support didn't
develop as they had hoped for.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a quiet, uneventful day for the livestock complex as the contracts
all drifted lower through Wednesday's close, and still no cash cattle trade has
developed. Packer interest should improve on Thursday. March corn is down 2 1/4
cents per bushel and January soybean meal is up $1.50. The Dow Jones Industrial
Average is up 308.51 points.
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