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DTN Closing Livestock Comment 05/08 15:54
Dressed Cattle Trade $6.00 Higher at $355
It was a robust day for the fed cash cattle market as dressed cattle sold
for $335, which is $6.00 higher than last week's weighted average.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a mixed day for the livestock complex as the cattle sector was fully
supported, but the lean hog complex saw mixed interest. The biggest news for
the cattle complex was that dressed cattle prices jumped $6.00 higher again
this week, surpassing last week's record-breaking trade. May corn is down 2
cents per bushel and May soybean meal is down $0.20. The Dow Jones Industrial
Average is up 254.48 points and the NASDAQ is up 189.98 points.
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